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

    For Sale
    $850,000

    Commercial - Grena, MS

    Lot size:
    3.50 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 6 at 12:06 am

    Property Features for 51 And Papermill Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    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 Oct 30, 2025

    MLS# 11598630 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 Opportunity

    This 3.5-acre commercial property is located in Grenada, MS, offering visibility from Interstate 55 to the west and direct access along Hwy 51 and Papermill Road. The site is suitable for hotel, restaurant, mixed-use, or retail development. The property benefits from its location at the intersection of Interstate 55, which has a traffic volume of over 19,404 vehicles per day. Water and sewer services are available at the site. The city has experienced employment growth, with 900 new jobs and local companies relocating up to 1,800 employees to Grenada. Grenada has also benefited from industrial developments of over $550 million, along with federal grants and state tax credits for the local economy. Development incentives may 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
    -89.832029
    Latitude
    33.817435

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    FAQs

    What type of property is this?
    Commercial land - 3.5 acres of commercial land with highway frontage.
    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.; - Suitable for Hotel, Restaurant, Mixed-Use, or Retail development.
    (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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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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