Gillespie Green Streets 3.7Acres Spg Starkville, MS 39759
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3.7-acre prime Starkville property. High potential.
Property size:
161,172 SFProperty Features for Gillespie Green Streets 3.7Acres Spg
General Information
- Property type
- Multifamily properties
- Square Feet
- 161,172 SF
- Lot Size
- 161,172 SF
Listing Agency: Farmer Commercial Properties Listing Agent: Scott Farmer
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 3.7-acre mixed-use property in Starkville, Mississippi, presents a rare redevelopment opportunity. Located near Highway 12, the Cotton District, and Mississippi State University, this prime location boasts significant potential for investors. The property currently features multiple apartment structures and two houses, including the Chateau Maroon (30 units, all 2-bed/1-bath), University Apartments (16 units, all 2-bed/1-bath), a fourplex, an office building, a shop building, and a 2-bed/1-bath house at 515 E Gillespie St, and a 3-bed/1-bath house at 506 Green St. The total square footage is 161,172, encompassing retail, multifamily, and office space. Zoning is primarily T-5C, with some areas zoned TN-E. The asking price is $9,995,000. Due to existing loan terms, the earliest closing date is December 2025. The owner strongly prefers a joint venture/partnership proposal but will consider an outright purchase offer. This property offers substantial upside for a developer seeking to capitalize on Starkville's thriving market and its designation as one of the "best small towns in the South." Subject to city guidelines. Address: 3.7 acres Spring Gillespie Green Streets, Starkville, MS 39759.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Map
- City
- Starkville
- County
- Oktibbeha
- State
- Mississippi
- Longitude
- -88.8106671
- Latitude
- 33.459544
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FAQs
What type of property is this?
Multifamily property - 3.7-acre prime Starkville property. High potential.
Where is this multifamily property located?
The property is located at Gillespie Green Streets 3.7Acres Spg Starkville, MS.
What is the asking price?
The asking price for this property is $9,995,000.
What are key features of this property?
This property features: Chateau Maroon, 30-unit multifamily property, all 2-bedroom/1-bathroom units.; University Apartments, 16-unit multifamily building, all 2-bedroom/1-bathroom units.; Mixed-use building at 521 & 523 E Gillespie St, including fourplex, office, and retail space.
