Property profile

0 Shelby Dr Grenada, MS 38901

OFF-MARKET
Land
31 ac lot
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Property summary

AI-generated overview

This exceptional 31-acre commercial land parcel presents a unique investment opportunity in Grenada, Mississippi. Located on Shelby Dr, this property, identified by APNs 097 36 005.00 (less approximately 4 acres and an existing home) and 097 36 005.14, offers significant potential for various commercial ventures. The asking price is $80,000, translating to approximately $2,580.65 per acre. The seller is willing to consider dividing the land, providing flexibility for buyers with diverse needs and project scales. Utilities are conveniently located nearby, with water and electric readily accessible. This location in Grenada County, Mississippi, zip code 38901, presents a strategic advantage for businesses seeking a prominent presence in the area. The property's size and accessibility make it suitable for a wide range of developments, from large-scale commercial projects to smaller-scale ventures. Its versatility makes it an attractive option for investors seeking a strong return on investment. The property's location in Grenada, MS, offers a blend of rural tranquility and convenient access to essential amenities and transportation routes. This makes it an attractive location for both residential and commercial development. Serious inquiries are encouraged to explore the possibilities this exceptional property offers.

Property profile

Verified
Property type Land
Lot 31 ac (1,350,360 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Shelby Dr Grenada, MS 38901
Grenada metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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