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    2700 Highway 51 Hernando, MS 38632

    Sponsored
    For Sale
    $238,000

    Prime .39-acre commercial lot in Hernando, MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.39-acre commercial land parcel presents a remarkable investment opportunity in the thriving Hernando, Mississippi market. Located just two blocks south of the Hernando Courthouse and Town Square, this fee simple property boasts prominent road frontage on Highway 51, Park Street, and Southern Street, offering unparalleled visibility and accessibility. Zoned Commercial C-2, the land is ideally suited for retail or restaurant development, capitalizing on the area's robust growth. Hernando's downtown area is experiencing significant revitalization, with recent additions of condo living and a vibrant restaurant scene fueling high-end development on the north side of the town square. This positive momentum is now extending to the south side, evidenced by new projects including a retail center, a roundabout intersection, and a townhouse development planned nearby. The property's land value is $14 per square foot, and the Hernando market currently enjoys a low retail vacancy rate of 2.6%, indicating strong demand and potential for high returns. This is a rare chance to acquire a strategically located commercial lot in a rapidly expanding Mississippi town. The asking price is $238,000.

    Property Features for 2700 Highway 51

    General Information

    Property type
    Land
    Lot Size
    16,988 SF

    HighLights

    • Downtown Hernando, MS commercial land, 0.39 acres.
    • Triple road frontage on Highway 51, Park Street, and Southern Street.
    • Two blocks from the Hernando Courthouse and Town Square.
    • C‑2 zoning ideal for retail or restaurant development.
    • Low 2.6% retail vacancy rate and $14/sq ft land value.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hernando
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.99412818
    Latitude
    34.82074713

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    Nearby Similar for Sale

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      Established Car Wash Business Opportunity

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      Hernando Office Building - Prime Location

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    FAQs

    What type of property is this?
    Land - Prime .39-acre commercial lot in Hernando, MS
    Where is this land located?
    The property is located at 2700 Highway 51 Hernando, MS.
    What is the asking price?
    The asking price for this property is $238,000.
    What are key features of this property?
    This property features: Downtown Hernando, MS commercial land, 0.39 acres.; Triple road frontage on Highway 51, Park Street, and Southern Street.; Two blocks from the Hernando Courthouse and Town Square.
    Request Owner's contact information
    2700 Highway 51 Hernando, MS 38632
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    Hernando, MS 38632
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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
    2700 Highway 51 Hernando, MS 38632
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