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Flora, MS Development Opportunity

117 NW 4th St, Flora, MS 39071

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For Sale

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16.38 acre property with historic school building and amenities.

Type:Land, Special Purpose

Property size:

14,000 SF

Lot size:

16.38 Acres

Price / SF:

$228/SF

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Tom Smith

Real Estate License ID: B-19359 MS

HighLights

16.38 acre property within Flora city limits, offering significant development potential.
14,000 sq ft school building (circa 1922) with solid brick construction, ideal for upscale residential conversion with exposed brick potential.
Potential tax credits available through donation of the school building to the MS Department of Archives and History.
Existing amenities include a 10,500 sq ft gym, two tennis courts, a 5,000 sq ft theater, and a 2,000 sq ft cafeteria.
Approximately 10 acres of flat, level land suitable for further development.
Prime frontage on Fourth and Jackson Street with Flora Water and Sewer services readily available.

For Sale

Contact for pricing

16.38 acre property with historic school building and amenities.

Type:Land, Special Purpose

Property size:

14,000 SF

Lot size:

16.38 Acres

Price / SF:

$228/SF

Added:: May 4, 2024
Days on Market:: 795
Last Refresh:: Jun 22 at 12:26 am

Property Features for 117 NW 4th St

General Information

Standard status: Active
Size: 14,000 SF
Lot size: 16.38 Acres
Property subtype: Land, Special Purpose

Building Details

Year Built: 1922

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Tom Smith

Listing office Tom Smith Land and Homes

Listing date May 4, 2024

Source Crexi

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All listing content including descriptions, pricing, images are the copyrighted material of Tom Smith Land and Homes

HighLights

16.38 acre property within Flora city limits, offering significant development potential.
14,000 sq ft school building (circa 1922) with solid brick construction, ideal for upscale residential conversion with exposed brick potential.
Potential tax credits available through donation of the school building to the MS Department of Archives and History.
Existing amenities include a 10,500 sq ft gym, two tennis courts, a 5,000 sq ft theater, and a 2,000 sq ft cafeteria.
Approximately 10 acres of flat, level land suitable for further development.
Prime frontage on Fourth and Jackson Street with Flora Water and Sewer services readily available.

Overview

This 16.38-acre property, located within the city limits of Flora, MS, presents an upscale housing development opportunity. The property includes a 14,000 square-foot school building constructed around 1922, featuring solid brick exterior walls. The MS Department of Archives and History may accept the building, potentially opening doors to tax credits. A 10,500 square-foot gym includes locker rooms, bleachers, and concession facilities. The property also features two tennis courts and a 5,000 square-foot theater space with a large stage and amenities. A 2,000 square-foot cafeteria is fully equipped for use. A small hill behind the Cafeteria, Main Building, and Theater leads down to approximately 10 acres of flat, level ground that could be easily developed. The property has frontage on both Fourth and Jackson Street. Zoned for Special Use, the property has Flora Water and Sewer services readily available. An easement to Hwy 49 could potentially be negotiated with adjacent landowners, opening up traffic count and easing traffic flow.

Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Location Insight

Map
Local Demand

City: Flora
County: Madison
State: Mississippi
Longitude: -90.317662
Latitude: 32.544272

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For sale
Commercial land
MS
Flora
39071
117 NW 4th St

What type of property is this?

Commercial land - 16.38 acre property with historic school building and amenities.

Where is this commercial land located?

The property is located at 117 NW 4th 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: 16.38 acre property within Flora city limits, offering significant development potential.; **14,000 sq ft school building (circa 1922) with solid brick construction, ideal for upscale residential conversion with exposed brick potential.**; Potential tax credits available through donation of the school building to the MS Department of Archives and History.