0 0.30 Ac Prospect Pl & College Vw Dr Starkville, MS 39759
This exceptional 0.3-acre commercial lot boasts a highly desirable location in Starkville's Cotton District, adjacent to Mississippi State University. The property offers triple frontage on Collegeview Drive, Prospect Place, and Adkerson Way, providing excellent visibility and accessibility. Its proximity to the university and the vibrant University Drive eateries makes it an ideal site for various commercial ventures. The lot is zoned TN-E, allowing for a range of development possibilities, subject to city guidelines. Currently featuring a three-bedroom, one-bathroom house in good condition, the property presents significant potential for redevelopment. While the seller prefers a transaction where they retain land ownership and contribute the land value as equity in a new development, they will consider outright purchase offers. Two additional adjacent lots (1.4 and 1.0 acres) are also available across the street. The asking price for this 0.3-acre parcel is $655,000. This is a rare opportunity to acquire a strategically located commercial property in a thriving college town.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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No recorded transactions found for this property.
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Risks
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