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    51 And Papermill Rd, Unit 3.5 Acres Grenada, MS 38901

    For Sale
    $850,000

    Vacant Land - Grenada, MS

    Lot size:
    3.50 Acres
    Days on Market:
    75
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 51 And Papermill Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    147 36 002.02
    Parking features
    Garage
    Lot size
    3.50 Acres

    Building Details

    Architectural style
    Other

    Coltmor Realty Co. (662) 229-7003

    Listing agent Chris Reed (662) 229-7003

    Listing date Sep 24, 2025

    MLS# 11513857 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land, Grenada, MS

    This 3.5-acre commercial property is strategically located with visibility from Interstate 55 to the west and direct access along Hwy 51 and Papermill Road. The property is positioned to capitalize on high-traffic areas. Water and sewer are available at the site. The location benefits from the intersection of Interstate 55, which sees over 19,404 vehicles per day. The city has experienced employment growth, with 900 new jobs not yet announced and other local companies relocating up to 1,800 employees to Grenada. Grenada has also benefited from industrial developments of over $550 million along with several million in federal grants and state tax credits for the local economy. Development incentives may also be available from the City of Grenada.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Grenada
    County
    Grenada
    State
    Mississippi
    Longitude
    -89.831986
    Latitude
    33.818202

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    FAQs

    What type of property is this?
    Commercial land - 3.5-acre commercial property with high visibility and access.
    Where is this commercial land located?
    The property is located at 51 And Papermill Rd, Unit 3.5 Acres Grenada, MS.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Prime commercial land with high visibility from Interstate 55 and direct access via Hwy 51 and Papermill Road.; - Located in Grenada, MS, at the North Grenada Exit at Papermill Rd.; - Benefits from strong employment growth in the city, including 900 new jobs and potential relocation of 1,800 employees.
    (662) 229-7003
    Request Owner's contact information
    51 And Papermill Rd, Unit 3.5 Acres Grenada, MS 38901
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    Grenada, MS 38901
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    51 And Papermill Rd, Unit 3.5 Acres Grenada, MS 38901
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