Land Approved for
For Sale
Contact for pricing
242 Southern St, Hernando, MS 38632
Land approved for 10 townhouses in Historic Downtown Hernando.
Property SizeContact for details
Days on Market1048
Property Features for 242 Southern St
General Information
Standard status
Active
Property subtype
Land
Zoning
Townhouse PUD
Listing Agency:
Marcus & Millichap - Memphis
Listed By:
William Davis · License #MS B-15586
Source:
Crexi
Added: Oct 19, 2023
Changed: Aug 8
Last Checked: Aug 8 at 4:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Memphis
Investment Insights
Based on property information with market context.
This property is land approved for the Patterson Row project, a gated planned townhouse community intended to provide urban living in Historic Downtown Hernando, MS. The project is approved for 10 townhouses, with plans for two buildings, each accommodating 5 units. Development can occur in two phases, with Phase 1 starting at the southeast corner of Hwy 51 and Southern St. Each unit requires a minimum heated square footage of 1,850 sf. Downtown Hernando has seen positive growth in recent years, with new restaurants and apartments on the north side of the square increasing foot traffic, which benefits retailers. Patterson Row is located between the Courthouse Square and the roundabout intersection at Oak Grove Rd to the south. This section of Hwy 51 has experienced consistent new retail development over the past few years, with limited land opportunities. There are very few housing options in the downtown area, and none that offer ownership. This project presents an opportunity for high-density development in a thriving corridor with a small-town feel.
Key Highlights
- Gated townhouse community offering urban living in Historic Downtown Hernando.
- Approved for 10 townhouses, allowing for phased development.
- Located in a thriving corridor with limited land and housing options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 38632, MS
29,210
Population
12,073
Households
2.4
Avg Household Size
39
Median Age
36%
College-Educated
92%
High-School Grad
162.3 sq mi
ZIP Area
180
Density / Sq Mi
$90,277
Median Household Income
$53,275
Median Earnings
$1,203
Median Rent
$287,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Land approved for 10 townhouses in Historic Downtown Hernando.
Where is this residential land & home lot located?
The property is located at 242 Southern St Hernando, MS.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Gated townhouse community offering urban living in Historic Downtown Hernando.; Approved for 10 townhouses, allowing for phased development.; Located in a thriving corridor with limited land and housing options.
