Commercial Land with Highway
For Sale
$499,000
Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901
COMMERCIAL - Grenada, MS
Property SizeContact for details
Lot Size3.50 Acres
Days on Market305
Property Features for Hwy 51 and Papermill Rd 3.5 Acres
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Standard status
Active
Lot size
3.50 Acres
Listing Agency:
Coltmor Realty Co.
(662) 229-7003
Listed By:
Chris Reed · License #20286
(662) 229-7003
Added: Oct 30, 2025
Changed: Aug 4
Last Checked: Aug 30 at 8:06PM
MLS# 11598630
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 offering is positioned for development with water and sewer available at the site. The property is described as suitable for a range of uses, including hotel, restaurant, mixed-use, and retail. As a land asset, it provides flexibility for buyers and operators evaluating site-specific plans and layouts.
The tract is located at the intersection of Hwy 51 and Papermill Rd and is noted for visibility from Interstate 55 to the west. Public remarks also reference direct access along Hwy 51 and Papermill Rd, with Interstate 55 visibility supported by reported traffic figures in the listing materials.
For developers seeking a site with straightforward highway access and utilities already available, this parcel offers a practical platform for conceptualizing and permitting commercial projects. The property’s frontage and access points are highlighted as key considerations for attracting customers and supporting site planning for active uses such as retail, dining, or lodging-related development.
The tract is located at the intersection of Hwy 51 and Papermill Rd and is noted for visibility from Interstate 55 to the west. Public remarks also reference direct access along Hwy 51 and Papermill Rd, with Interstate 55 visibility supported by reported traffic figures in the listing materials.
For developers seeking a site with straightforward highway access and utilities already available, this parcel offers a practical platform for conceptualizing and permitting commercial projects. The property’s frontage and access points are highlighted as key considerations for attracting customers and supporting site planning for active uses such as retail, dining, or lodging-related development.
Key Highlights
- 3.5‑acre prime commercial land in Grenada, MS
- Highway frontage with prime visibility from Interstate 55 to the west
- Direct access along Hwy 51 and Papermill Rd, near the North Grenada exit
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 tract with water and sewer available and direct access for development along major highways.
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 prime commercial land in Grenada, MS; Highway frontage with prime visibility from Interstate 55 to the west; Direct access along Hwy 51 and Papermill Rd, near the North Grenada exit
