Property profile

3960 Highway 16 Canton, MS 39046

OFF-MARKET
Land
24.37 ac lot
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Property summary

AI-generated overview

This exceptional 24.37-acre parcel in Canton, Mississippi, offers a unique opportunity for residential development or recreational pursuits. Located on Highway 16, east of Canton, this property enjoys convenient access to local amenities and is situated near Luther Branson Elementary School. The land is zoned for residential use within the highly desirable Madison County, making it an attractive investment. The expansive acreage allows for the creation of a spacious private estate or a potential subdivision project. While a home is currently listed with the property, it holds no added value to the land itself. The strategic location on Highway 16 ensures easy commuting to nearby towns and attractions. Given the high demand for properties of this size and location in Madison County, interested parties are urged to act quickly. This is a rare chance to acquire a significant land holding with excellent potential. The property's zip code is 39046. The coordinates are 32.6689 latitude and -89.812 longitude. The asking price for this remarkable property is $299,000.

Property profile

Verified
Property type Land
Lot 24.37 ac (1,061,557 SF)

Cap rate & NOI

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

Location

3960 Highway 16 Canton, MS 39046
Canton metro
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Value estimations

Realmo proprietary · 4 methods
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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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