Commercial Land at 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 Market492
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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.
Listed By:
Chris Reed · License #20286
(662) 229-7003
Added: Jun 11, 2025
Changed: Sep 4
Last Checked: Oct 15 at 1:06PM
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 tract is positioned at the intersection of Hwy 51 and Papermill Road, with direct access along both roads. Interstate 55 lies to the west, providing highway exposure and connectivity for future commercial development. Public water and sewer are available at the site.
The property is located near the North Grenada Exit at Papermill Road in Grenada, Mississippi. Interstate 55 traffic is identified at 19,404K+ VPD, while the tract’s highway-facing position places it within a major transportation corridor. Development incentives may also be available from the City of Grenada.
The property is located near the North Grenada Exit at Papermill Road in Grenada, Mississippi. Interstate 55 traffic is identified at 19,404K+ VPD, while the tract’s highway-facing position places it within a major transportation corridor. Development incentives may also be available from the City of Grenada.
Key Highlights
- 3.5‑acre commercial land tract
- Direct access along Hwy 51 and Papermill Road
- Interstate 55 traffic identified at 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
Frequently Asked Questions
What type of property is this?
Commercial land - Commercial acreage with highway access and public water and sewer available at the site.
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 tract; Direct access along Hwy 51 and Papermill Road; Interstate 55 traffic identified at 19,404K+ VPD
