Ms -7, Grenada, MS 38901 (MLS# 4062884)

Ms -7, Grenada, MS 38901

$1,600,000

Property Type: Land Lot Size (sq. ft.): 1,520,244 Status: Active

Current Price: $1,600,000 List Date: 10/31/2023 Last Modified: 10/31/2023

Description

Prime ±34.9 Acre Corner Lot at the intersection of Highway MS-7 and I-55. Outstanding visibility from Interstate 55, this location is excellent for a range of commercial businesses, including but not limited to Gas Stations, Truck Stops, Convenience Stores, Car Wash, and Service Stations. Situated directly off the Northbound Side of Interstate I-55 (heading toward Memphis) at exit 211. In 2022, I-55 recorded an Annual Average Daily Traffic count of 18,000 (source: MDOT), and this number is expected to increase due to the property's close proximity to the new ±563,000 SF production plant of Milwaukee Tool. This facility is expected to be operational by 2023 and set to bring 800+ jobs, further boosting the potential customer base of this prime location.

More Information MLS# 4062884

Address and Location Information

Street Number Assigned?: No Street Name: Ms -7 County: Grenada State: MS Zip Code: 38901 Parcel Number: 146-13-012.00, 146-14-001.00 Directions to Property: Property is situated just off the Interstate intersection I-55 and Hwy 7 North. NE Corner Lot at the intersection of Highway MS-7 and I-55. Community Of: N/A

Listing Information

Status: Active List Date: 2023-10-30 List Price: $1,600,000 Current Price: $1,600,000 Property Sub Type: Unimproved Commercial Lot for Sale Listing Service: Full Service New Construction: No Property Condition: To Be Built

Co-Op and Commission Information

Buyer Agency Compensation: 3 Buyer Agency Comp Type: %

General Property Information

Approx Lot Size Acres: 34.9 Expandable Area: No List Price/Acre: 45845.27 Divisible: No School District: Grenada Dist

Tax and Financial Information

Tax Annual Amount: 170.31 Tax Year: 2022 Homestead Y/N: No Additional Exemptions Y/N: No Flood Insurance Required?: Subject to Survey Leasehold Y/N: No Association: No Covenants Y/N: No Legal Description: B P 307/144 06/29/2001 S/T/R 14-23-04 NE 1/4 NE 1/4 less 14.5 AC To Hwy Exit 211 W 1/2 NW1/4 NW1/4 N of Hwy Exit 211

Remarks & Miscellaneous

Public Remarks: Prime ±34.9 Acre Corner Lot at the intersection of Highway MS-7 and I-55. Outstanding visibility from Interstate 55, this location is excellent for a range of commercial businesses, including but not limited to Gas Stations, Truck Stops, Convenience Stores, Car Wash, and Service Stations. Situated directly off the Northbound Side of Interstate I-55 (heading toward Memphis) at exit 211. In 2022, I-55 recorded an Annual Average Daily Traffic count of 18,000 (source: MDOT), and this number is expected to increase due to the property's close proximity to the new ±563,000 SF production plant of Milwaukee Tool. This facility is expected to be operational by 2023 and set to bring 800+ jobs, further boosting the potential customer base of this prime location.

Land Details

Road Frontage: 349

Workshop Features

Workshop: No

Waterfront Features

Waterfront: No

Horse Amenities

Horse Amenities: No

Showing Requirements

Showing: Show Any Time

Property Features

Current Use: Unimproved Possible Use: Commercial; Development Location: Commercial Retail; Other Lot Features: Corner Lot; Open Lot; Rolling Slope Covenants And Restrictions: Other Utilities: Other Sewer: Other Water Source: Other Listing Terms: Other Road Surface Type: Asphalt

Listing Office: J Morris Realty LLC

Listing Agent: James Morris

Last Updated: October - 31 - 2023

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.