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    117 Fourth St Flora, MS 39071

    Sponsored
    For Sale
    $3,195,000

    16 Acres, 14,000 SF, $3.195M

    Property size:
    14,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 16.38-acre property in Flora, Mississippi, presents a unique redevelopment opportunity. The centerpiece is a 14,000-square-foot former elementary school building constructed in 1922, featuring solid brick exterior walls. The property also includes a 10,500-square-foot gymnasium with locker rooms, bleachers, and concession facilities

    Property Features for 117 Fourth St

    General Information

    Property type
    Schools
    Square Feet
    14,000 SF
    Lot Size
    713,513 SF

    Building Details

    Year Built
    1922

    HighLights

    • Multi‑unit residential development opportunity: Modern living spaces in a historic setting.
    • Assisted living facility site: Picturesque location offering comfort and security for seniors.
    • Private school campus: Existing facilities ideal for a prestigious educational institution.
    • Mixed‑use lifestyle center: Retail, dining, and entertainment destination.
    • 10‑acre development parcel: Suitable for custom projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Schools

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Flora
    County
    Madison
    State
    Mississippi
    Longitude
    -90.3184159
    Latitude
    32.5430158

    Nearby Comparable

    • $1,332,000

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      Land with visibility and accessibility in Madison County.
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      Commercial Land in Growing Flora

      16.5-acre commercial land opportunity in Flora, Mississippi.
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      26.57 Acres in Flora, MS

      26.57 acres available for sale in Flora, Mississippi.
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      Commercial Land in Growing Community

      10+/- acres suitable for office, retail, or warehouse.
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    • $392,040
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      Commercial Lot on Hwy 49

      One-acre commercial lot with high visibility and utilities in place.
      0001 Highway 49, Flora, MS 39071
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    • New
      $3,295,750
      8.63 Acres

      Highway 49 Commercial Land Opportunity

      8.63-acre commercial tract on high-traffic Highway 49 in Flora, MS.
      003 Highway 49, Flora, MS 39071
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    • $138,500
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      Flora, MS Commercial Land

      4.30+- acres of commercial land in Flora, Mississippi.
      First St, Flora, MS 39071
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    Nearby Similar for Sale

    • $822,000
      3,000 SF

      Kearney Park Warehouse Space

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    FAQs

    What type of property is this?
    School - 16 Acres, 14,000 SF, $3.195M
    Where is this school located?
    The property is located at 117 Fourth St Flora, MS.
    What is the asking price?
    The asking price for this property is $3,195,000.
    What are key features of this property?
    This property features: Multi-unit residential development opportunity: Modern living spaces in a historic setting.; Assisted living facility site: Picturesque location offering comfort and security for seniors.; Private school campus: Existing facilities ideal for a prestigious educational institution.
    Request Owner's contact information
    117 Fourth St Flora, MS 39071
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    Flora, MS 39071
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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
    117 Fourth St Flora, MS 39071
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