Commercial Land with Highway
For Sale
$499,000
Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901
LAND - Grenada, MS
Property SizeContact for details
Lot Size3.50 Acres
Days on Market447
Property Features for Hwy 51 and Papermill Rd 3.5 Acres
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Lot size
3.50 Acres
Utilities
Water source
Public
Listing Agency:
Coltmor Realty Co.
(662) 229-7003
Listed By:
Chris Reed · License #20286
(662) 229-7003
Added: Jun 11, 2025
Changed: Jul 2
Last Checked: Aug 31 at 12:06AM
MLS# 11513857
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3.5-acre commercial land parcel is offered for sale with direct access along Hwy 51 and Papermill Road, supported by utilities available at the site. The property’s configuration is suited for prospective development with visibility from the Interstate corridor.
The site provides highway frontage to the west and is positioned for exposure from Interstate 55 traffic (19,404K+ VPD). The public remarks also note the property’s proximity to the North Grenada exit at Papermill Rd, supporting convenient approach from area routes.
For buyers and developers seeking a commercially oriented tract, the combination of interstate visibility, frontage along major roads, and the availability of water and sewer can help support a range of uses that require utility access and straightforward site planning. Interested parties should review development requirements and confirm the availability of any City of Grenada development incentives referenced in the public remarks as part of their due diligence.
The site provides highway frontage to the west and is positioned for exposure from Interstate 55 traffic (19,404K+ VPD). The public remarks also note the property’s proximity to the North Grenada exit at Papermill Rd, supporting convenient approach from area routes.
For buyers and developers seeking a commercially oriented tract, the combination of interstate visibility, frontage along major roads, and the availability of water and sewer can help support a range of uses that require utility access and straightforward site planning. Interested parties should review development requirements and confirm the availability of any City of Grenada development incentives referenced in the public remarks as part of their due diligence.
Key Highlights
- 3.5‑acre commercial land with highway frontage and direct access along Hwy 51 and Papermill Road
- Access near the North Grenada exit at Papermill Rd off Interstate 55
- Interstate 55 frontage with reported 19,404K+ VPD
Property Analytics
Current Use
Lease Details
19,404 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 38901, MS
18,282
Population
8,831
Households
2.1
Avg Household Size
41
Median Age
26%
College-Educated
85%
High-School Grad
242.0 sq mi
ZIP Area
76
Density / Sq Mi
$46,956
Median Household Income
$31,330
Median Earnings
$811
Median Rent
$139,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 3.5-acre commercial parcel with I-55 frontage and water/sewer available for development near Hwy 51.
Where is this commercial land located?
The property is located at Hwy 51 and Papermill Rd 3.5 Acres Grenada, MS.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3.5‑acre commercial land with highway frontage and direct access along Hwy 51 and Papermill Road; Access near the North Grenada exit at Papermill Rd off Interstate 55; Interstate 55 frontage with reported 19,404K+ VPD
