Current Use by Public Records
- Land
Property Details for 242 Southern St
- Lot size
- 0.80 lot acres
- Property type
- Land
Description
This exceptional 0.8-acre land parcel in desirable downtown Hernando, Mississippi (38632), presents a rare opportunity to develop a 10-unit townhouse community. Zoned for townhouse PUD development, this fee-simple property is priced at $350,000, or $10 per square foot. The site is located at 242 Southern St, conveniently situated near Highway 51, just south of the town square. The approved plans encompass two buildings, each featuring five townhouses. Each unit is designed with two bedrooms, two and a half bathrooms, and a double garage, ranging from 2,300 to 2,800 square feet. Upscale features include balconies and porches, providing ample outdoor living space. A shared common area, accessible only from the rear driveway, separates the units. All utilities are on-site, and the land has been cleared, minimizing development hurdles. This project capitalizes on the growing popularity of downtown Hernando, offering a much-needed housing option with no direct competition. The strategic location and high-demand product type make this a compelling investment opportunity. The project is designed to seamlessly integrate into the historic downtown area, offering residents upscale living with minimal exterior maintenance. This is a unique chance to contribute to the continued growth and vibrancy of Hernando's downtown core.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hernando
- County
- Desoto
- State
- Mississippi
- Longitude
- -89.9941
- Latitude
- 34.82
