302 Highland Park Cove
$1,200,000
302 Highland Park Cove, Ridgeland, MS 39157
8.16
Cap Rate
97,977
NOI
Details:
Highlights:
- Prime Ridgeland location
- Strong tenant stability
- Ideal for investors
- Great owner-user option
- Clean, modern exterior
- High-demand office area
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.
The property is positioned just off Highland Park Cove in Ridgeland, one of the most desirable and stable office submarkets in the Jackson metropolitan area. With immediate access to I-55, the Natchez Trace Parkway, and Old Canton Road, the location provides excellent regional connectivity for employees, clients, and service providers. Ridgeland’s strong demographics and concentration of professional users make it a proven market for office investment.
The surrounding area offers a deep mix of commercial, corporate, and lifestyle amenities. Nearby destinations include Renaissance at Colony Park, The Township at Colony Park, the Colony Park medical district, the I-55 North office corridor, and the locally focused Old Town Ridgeland district. The location is also just down the street from the new Amazon data center on Highland Colony Parkway, an investment that further strengthens the area’s technology, employment, and infrastructure profile.
With its accessibility, amenities, and growing economic activity, the area provides an attractive environment for office investors and tenants seeking a high-performing position within the Jackson market.
Location
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