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28354062
28354061

302 Highland Park Cove, Ridgeland, MS 39157

SO
MS MS B16124, AR AR PB00084460 (+1)
Overby Commercial
Listed by Overby Commercial
$1,200,000
201 days on market
Updated 3 days ago

302 Highland Park Cove

Details
Property Type Office
Sub Type Traditional Office
Square Footage 4,812
Cap Rate 8.16%
NOI $97,976
Lease Type Net
Price per SqFt $249
Year Built 2006
Year Renovated 2015, 2024
Buildings 1
Stories 1
Zoning C-1
Investment Type Owner/User

Professional Office for Building | 8.16% CAP | 4,812 SqFt

Marketing description

This well-maintained 4,812± SF office building on Highland Park Cove offers a versatile opportunity for both investors and owner-occupants in one of Ridgeland’s most desirable commercial corridors. Constructed in 2006 with a durable concrete slab and a combination stucco-and-brick veneer exterior, the building has been thoughtfully updated over time. Suite A (2,124± SF) is currently owner-occupied and will be available for immediate occupancy at year-end, creating a rare chance for a professional office user to occupy a prime Ridgeland location while benefiting from in-place rental income.

Suites B and C, measuring 1,313± SF and 1,375± SF respectively, were fully renovated in 2024 and are leased to Haven: Pregnancy Wellness & Women’s Health. This stable tenancy provides solid income for investors while also appealing to owner-occupants looking to offset occupancy costs with reliable rental revenue. Suite A received a significant renovation in 2015, offering modern finishes and a flexible layout suitable for a range of professional office uses.

The property includes 17 dedicated parking spaces, resulting in an excellent parking ratio of approximately 3.53 spaces per 1,000 SF, well-suited for professional and service-based office operations. Zoned C-1, the location supports a wide variety of office uses and sits in a high-demand, amenity-rich area with outstanding access to Highland Colony Parkway, I-55, and the broader Jackson MSA. This combination of quality construction, recent renovations, stable tenancy, and flexible occupancy options makes the property an exceptional opportunity in the Ridgeland office market.

Investment highlights

  • Prime Ridgeland location

  • Strong tenant stability

  • Ideal for investors

  • Great owner-user option

  • Clean, modern exterior

  • High-demand office area

Listing Contacts

SO
MS MS B16124, AR AR PB00084460 (+1)
Overby Commercial
Listed by Overby Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$97,976.00
$8,164.67/mo

Valuation Metrics

0
DSCR
8.16%
Cap Rate
8.16%
ROI

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Additional Information

Name
Scott Overby, CCIM
License
MS B16124
Brokerage
Overby, Inc.
Brokerage Phone
601.366.8600
Title
Principal Broker
Brokerage Address
800 Woodlands Parkway
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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