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    Florence Dr Florence, MS 39073

    Sponsored
    For Sale
    $144,000

    Prime 20-acre commercial lot, Hwy 49 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 20-acre commercial land parcel presents a unique investment opportunity in Florence, Mississippi. Located just off Highway 49 South, this wooded property boasts convenient access to a major thoroughfare. The recent completion of the $253 million Highway 49 expansion in August 2022 significantly enhances the property's value and accessibility. Priced at $144,000, or $7,200 per acre, this represents a compelling value in a rapidly developing area. The property is zoned R-1, allowing for single-family residential development, offering considerable flexibility for future projects. This is a significant land holding, and the owner will not consider selling any portion of the 20 acres

    Property Features for 0 Florence Dr

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    HighLights

    • 20‑acre wooded commercial land parcel in Florence, MS.
    • Excellent development opportunity in a rapidly growing area.
    • Priced at $7,200 per acre, totaling $144,000.
    • R‑1 zoning allows for single‑family residential development.
    • Prime location off Highway 49, enhanced by the recent $253 million highway expansion (completed August 2022).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Florence
    County
    Rankin
    State
    Mississippi
    Longitude
    -90.1320819
    Latitude
    32.1756718

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    FAQs

    What type of property is this?
    Land - Prime 20-acre commercial lot, Hwy 49 access.
    Where is this land located?
    The property is located at Florence Dr Florence, MS.
    What is the asking price?
    The asking price for this property is $144,000.
    What are key features of this property?
    This property features: 20-acre wooded commercial land parcel in Florence, MS.; Excellent development opportunity in a rapidly growing area.; Priced at $7,200 per acre, totaling $144,000.
    (601) 981-6800
    Request Owner's contact information
    Florence Dr Florence, MS 39073
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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
    Florence Dr Florence, MS 39073
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