3960 Highway 16, Canton, MS 39046
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.