Commercial-Residential Land
For Sale
$187,500
5150 Hwy 305, Coldwater, MS 38618
LAND - COLDWATER, MS
Property SizeContact for details
Lot Size2.50 Acres
Days on Market83
Property Features for 5150 Hwy 305
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Lot size
2.50 Acres
Listing Agency:
Stevens Realty & Auction Company, LLC
(662) 562-4663
Listed By:
David Stevens
(662) 562-4663
Added: Jun 3
Last Checked: Aug 24 at 8:06PM
MLS# 167655
Copyright © 2026 North Central Mississippi Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This offering is a 2.5-acre parcel zoned commercial or residential, presented as a strong starting point for a new development or business site. The seller notes that the property needs a survey, and it may be possible to purchase additional acreage, including an additional 2.5 acres and potentially more.
Located in the heart of the growing area of Independence, the property is listed as less than a half mile from the 4-way. It is also described as approximately 20–25 minutes to Olive Branch and Highway I-269. Buyers should review the development approach and confirm access requirements from Hwy 305, including MDOT approval, prior to closing.
Because zoning is identified as commercial or residential, this land may fit a range of concepts subject to approvals. The marketing materials specifically reference potential uses such as mini storage, a grocery store, or an auto repair shop, contingent on confirmation of intended use and approval from the Tate County Planning Commission. As directed, the buyer is responsible for verifying zoning for their use and obtaining any necessary access approvals from Hwy 305 before closing.
Located in the heart of the growing area of Independence, the property is listed as less than a half mile from the 4-way. It is also described as approximately 20–25 minutes to Olive Branch and Highway I-269. Buyers should review the development approach and confirm access requirements from Hwy 305, including MDOT approval, prior to closing.
Because zoning is identified as commercial or residential, this land may fit a range of concepts subject to approvals. The marketing materials specifically reference potential uses such as mini storage, a grocery store, or an auto repair shop, contingent on confirmation of intended use and approval from the Tate County Planning Commission. As directed, the buyer is responsible for verifying zoning for their use and obtaining any necessary access approvals from Hwy 305 before closing.
Key Highlights
- 2.5‑acre +/- tract zoned for commercial or residential use in Independence
- Located less than 0.5 mile from the 4‑way and about 20–25 minutes to Olive Branch and Hwy I‑269
- Buyer to confirm intended use zoning and verify approved access from Hwy 305 by MDOT prior to closing
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
37
Businesses Nearby
Explore this area
Business Placement
Demographics for 38618, MS
11,467
Population
4,810
Households
2.4
Avg Household Size
44
Median Age
12%
College-Educated
81%
High-School Grad
198.4 sq mi
ZIP Area
58
Density / Sq Mi
$54,128
Median Household Income
$36,385
Median Earnings
$1,032
Median Rent
$139,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2.5-acre parcel zoned commercial or residential, positioned near a key intersection with room to expand through additional land.
Where is this commercial land located?
The property is located at 5150 Hwy 305 Coldwater, MS.
What is the asking price?
The asking price for this property is $187,500.
What are key features of this property?
This property features: 2.5‑acre +/- tract zoned for commercial or residential use in Independence; Located less than 0.5 mile from the 4‑way and about 20–25 minutes to Olive Branch and Hwy I‑269; Buyer to confirm intended use zoning and verify approved access from Hwy 305 by MDOT prior to closing
