117 SW Fourth Street, Flora, MS 39071
$3,195,000
Property Type:
Commercial Sale
Square Footage:
14,000
Lot Size (sq. ft.):
711,770
Status:
Active
Current Price:
$3,195,000
List Date:
3/29/2024
Last Modified:
4/01/2024
Description
Welcome to your future upscale housing development opportunity nestled within the charming city limits of Flora, MS. This expansive 16.38 acre property offers a blend of historic charm and modern potential, presenting an array of possibilities for savvy investors. The centerpiece of this property is a stately 14,000 square-foot school building allegedly built in 1922, with solid brick exterior walls poised to be transformed into luxurious residences. Imagine the allure of exposed brick walls reminiscent of its rich history. Should the buyer desire, the esteemed MS Department of Archives and History stands ready to accept this gem, opening doors to enticing tax credits. Within the school's confines, a
well-maintained gym spanning 10,500 square feet awaits, boasting locker rooms, bleachers, and
concession facilities.
Additionally, the property features two tennis courts and a theater space encompassing 5,000 square feet, complete with a large stage and ample amenities. This package also includes a 2,000-square-foot cafeteria, fully equipped and in place for use. Small hill behind Cafeteria, Main Building and Theater leads down to approximately 10 acres of flat, level ground that could be easily developed. Easement to Hwy 49 could potentially be negotiated with adjacent landowners, opening up traffic count and easing traffic flow.
Situated within Flora's city limits, this property enjoys prime frontage on both Fourth and Jackson Street, making it easily accessible and highly visible. Zoned for Special Use, the options for development are vast, limited only by imagination. With Flora Water and Sewer services readily available, the groundwork for success is laid.
The canvas is vast, the potential boundless. Seize this opportunity to shape the future of Flora, MS, and make your mark on its storied landscape. Contact Tom today to explore the endless possibilities that await on this remarkable property!
Consider the endless possibilities that await:
Multi-Unit Complex: Create a vibrant community within these grounds, offering modern living spaces amidst a historical backdrop
Assisted Living Community: Cater to the needs of seniors in picturesque setting, fostering a sense of comfort and security
Private Academy: Establish a prestigious educational institution, leveraging the existing facilities to nurture future generations
Shopping Center Lifestyle Complex: Create a dynamic hub for retail, dining, and entertainment
10± Acres for Development: Harness the expanse of open land for custom projects tailored to meet specific needs and visions.
This property could be commercial or residential.
More Information MLS# 4074985
Address and Location Information
Street Number: 117
Street Direction: SW
Street Name: Fourth
Street Suffix: Street
County: Madison
State: MS
Zip Code: 39071
Nearest Cross Street: Jackson St.
Parcel Number: 051d-17a-016-00-00
Subdivision: Metes And Bounds
Directions to Property: Turn right onto Hwy 22/Peach Street and travel .1 mile. Turn left onto SW Fourth Street. After .4 mile the property will be on both sides of the street.
Community Of: N/A
Listing Information
Status: Active
List Date: 2024-03-28
List Price: $3,195,000
Current Price: $3,195,000
Property Sub Type: Special Purpose
Listing Service: Full Service
New Construction: No
Co-Op and Commission Information
Buyer Agency Compensation: 3
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 16.34
Approx H/C SqFt: 14000
SqFt Source: Owner
List Price/SqFt: 228.21
Year Built: 1937
Year Built Source: Owner
Total Floors: 1
School District: Madison CO Dist
Elementary School: Madison County
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 9099
Tax Year: 2023
Flood Insurance Required?: No
Leasehold Y/N: No
16th Section: No
Association: No
Legal Description: LOT 880X742 1/2 FT W OF 4TH ST TWEEN CENTER & MADISON STREETS LESS .59A -14.44 AC-
Remarks & Miscellaneous
Public Remarks: Welcome to your future upscale housing development opportunity nestled within the charming city limits of Flora, MS. This expansive 16.38 acre property offers a blend of historic charm and modern potential, presenting an array of possibilities for savvy investors. The centerpiece of this property is a stately 14,000 square-foot school building allegedly built in 1922, with solid brick exterior walls poised to be transformed into luxurious residences. Imagine the allure of exposed brick walls reminiscent of its rich history. Should the buyer desire, the esteemed MS Department of Archives and History stands ready to accept this gem, opening doors to enticing tax credits. Within the school's confines, a
well-maintained gym spanning 10,500 square feet awaits, boasting locker rooms, bleachers, and
concession facilities.
Additionally, the property features two tennis courts and a theater space encompassing 5,000 square feet, complete with a large stage and ample amenities. This package also includes a 2,000-square-foot cafeteria, fully equipped and in place for use. Small hill behind Cafeteria, Main Building and Theater leads down to approximately 10 acres of flat, level ground that could be easily developed. Easement to Hwy 49 could potentially be negotiated with adjacent landowners, opening up traffic count and easing traffic flow.
Situated within Flora's city limits, this property enjoys prime frontage on both Fourth and Jackson Street, making it easily accessible and highly visible. Zoned for Special Use, the options for development are vast, limited only by imagination. With Flora Water and Sewer services readily available, the groundwork for success is laid.
The canvas is vast, the potential boundless. Seize this opportunity to shape the future of Flora, MS, and make your mark on its storied landscape. Contact Tom today to explore the endless possibilities that await on this remarkable property!
Consider the endless possibilities that await:
Multi-Unit Complex: Create a vibrant community within these grounds, offering modern living spaces amidst a historical backdrop
Assisted Living Community: Cater to the needs of seniors in picturesque setting, fostering a sense of comfort and security
Private Academy: Establish a prestigious educational institution, leveraging the existing facilities to nurture future generations
Shopping Center Lifestyle Complex: Create a dynamic hub for retail, dining, and entertainment
10± Acres for Development: Harness the expanse of open land for custom projects tailored to meet specific needs and visions.
This property could be commercial or residential.
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Lockbox Location: Front Door
Basement Features
Basement: No
Property Features
Business Type: Special Purpose; Other
Current Use: Vacant
Possible Use: Commercial; Residential; See Remarks
Commercial Features: Other
Structure Type: Other; See Remarks
Lot Features: City Lot; Level
Location: State Highway
Levels: One
Square Footage Description: Other; See Remarks
Covenants And Restrictions: Historical
Walls - Interior: Sheetrock; Other
Flooring: Concrete; Tile
Window Features: Aluminum Frames; Metal
Listing Terms: 1031 Exchange; Cash; Contract; Conventional
Exterior Construction/Siding: Brick
Roof: Aluminum
Exterior Features: Tennis Court(s)
Parking Features: Paved
Additional Transportation: City Street; State Highway
Pool Features: None
Available Documents: Brochure; Maps; Photographs
Documents
Listing Office: Tom Smith Land & Homes
Listing Agent: Thomas Smith
Last Updated: April - 01 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Broker Attribution:
6014549397
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.