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242 Southern St Hernando, MS 38632

For Sale
$350,000

10-unit townhouse project, prime location.

Description

Added:
Dec 11, 2024
Days on Market:
362
This exceptional 0.8-acre land parcel in desirable downtown Hernando, Mississippi (38632), presents a rare opportunity to develop a 10-unit townhouse community. Zoned for townhouse PUD development, this fee-simple property is priced at $350,000, or $10 per square foot. The site is located at 242 Southern St, conveniently situated near Highway 51, just south of the town square. The approved plans encompass two buildings, each featuring five townhouses. Each unit is designed with two bedrooms, two and a half bathrooms, and a double garage, ranging from 2,300 to 2,800 square feet. Upscale features include balconies and porches, providing ample outdoor living space. A shared common area, accessible only from the rear driveway, separates the units. All utilities are on-site, and the land has been cleared, minimizing development hurdles. This project capitalizes on the growing popularity of downtown Hernando, offering a much-needed housing option with no direct competition. The strategic location and high-demand product type make this a compelling investment opportunity. The project is designed to seamlessly integrate into the historic downtown area, offering residents upscale living with minimal exterior maintenance. This is a unique chance to contribute to the continued growth and vibrancy of Hernando's downtown core.

Property Features for 242 Southern St

General Information

Property type
Land
Lot Size
34,848 SF

HighLights

  • Rare development opportunity in desirable downtown Hernando, MS.
  • High‑density residential zoning allows for a 10‑unit townhouse development.
  • Unique offering; no competing townhouse projects in the market.
  • Each townhouse features porches, balconies, and a two‑car garage.
  • Site is fully cleared and utilities are available.
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
-89.99411829
Latitude
34.81995272

FAQs

What type of property is this?
Land - 10-unit townhouse project, prime location.
Where is this land located?
The property is located at 242 Southern St Hernando, MS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare development opportunity in desirable downtown Hernando, MS.; High-density residential zoning allows for a 10-unit townhouse development.; Unique offering; no competing townhouse projects in the market.
More about this property
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