Commercial Development
For Sale
$499,000
Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901
Commercial Sale, Grenada, MS
Property SizeContact for details
Lot Size3.50 Acres
Days on Market351
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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.
Listed By:
Chris Reed · License #20286
(662) 229-7003
Added: Oct 30, 2025
Changed: Oct 8
Last Checked: Oct 15 at 1:06PM
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 parcel is positioned for development at the intersection of Hwy 51 and Papermill Road in Grenada, Mississippi. The property is described for hotel, restaurant, mixed-use, and retail concepts, with water and sewer available at the site.
Interstate 55 lies to the west, providing visibility from the interstate, while access is available along Hwy 51 and Papermill Road. The property is associated with the North Grenada Exit at Papermill Road, and the I-55 intersection is reported at 19,404K+ VPD. The parcel is located in ZIP Code 38901.
Interstate 55 lies to the west, providing visibility from the interstate, while access is available along Hwy 51 and Papermill Road. The property is associated with the North Grenada Exit at Papermill Road, and the I-55 intersection is reported at 19,404K+ VPD. The parcel is located in ZIP Code 38901.
Key Highlights
- 3.5‑acre commercial land parcel
- Visibility from Interstate 55 to the west
- Access along Hwy 51 and Papermill Road
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 land with interstate visibility, highway access, and 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 parcel; Visibility from Interstate 55 to the west; Access along Hwy 51 and Papermill Road
