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    1 Teetime Dr Petal, MS 39465

    For Sale
    $2,416,645

    Prime 75-acre commercial tract, ideal for diverse uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 74.57-acre parcel presents a unique development opportunity in Petal, Mississippi. Located at 1 Tee Time Dr, this property boasts approximately 2,376 feet of frontage on Highway 42, offering excellent visibility and accessibility. The land is situated within the highly-rated Petal School District, consistently ranked #1 in the state, and is less than a mile from Petal Primary School, Petal Elementary, Petal High School, and the Petal High School Athletics Complex. Its strategic location provides proximity to a strong residential base, with abutting neighborhoods on multiple sides. Previously a golf course, this expansive site is zoned for a variety of commercial uses, including retail, multifamily, office, hospitality, residential (single-family), and self-storage. The asking price is $2,416,645, translating to $32,407 per acre. The property's location offers convenient access to Interstate 59, approximately 8.9 miles away. The APN is 3-020P-34-055.00. This presents a rare chance to acquire a large, well-located tract in a thriving community with excellent schools and infrastructure. The diverse zoning allows for a wide range of development possibilities, catering to various market demands. This is an exceptional investment opportunity with significant potential for future growth and return.

    Property Features for 1 Teetime Dr

    General Information

    Property type
    Multifamily properties
    Lot Size
    3,248,269 SF

    HighLights

    • 74.57‑acre development site in Petal, MS, with 2,376 ft of Hwy 42 frontage.
    • Located in the highly‑rated Petal School District, near schools and athletic complex.
    • Zoned for diverse commercial uses including retail, multifamily, office, hospitality, single‑family residential, and self‑storage.
    • Asking price: $2,416,645 ($32,407/acre).
    • Convenient access to I‑59 (8.9 miles).
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Clothing Store Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.1830979
    Latitude
    31.3494312

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    FAQs

    What type of property is this?
    Multifamily property - Prime 75-acre commercial tract, ideal for diverse uses.
    Where is this multifamily property located?
    The property is located at 1 Teetime Dr Petal, MS.
    What is the asking price?
    The asking price for this property is $2,416,645.
    What are key features of this property?
    This property features: 74.57-acre development site in Petal, MS, with 2,376 ft of Hwy 42 frontage.; Located in the highly-rated Petal School District, near schools and athletic complex.; Zoned for diverse commercial uses including retail, multifamily, office, hospitality, single-family residential, and self-storage.
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    1 Teetime Dr Petal, MS 39465
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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
    1 Teetime Dr Petal, MS 39465
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