514 Co Rd Itta Bena, MS 38941
This exceptional 36.5-acre agricultural property in Leflore County, Mississippi, presents a compelling investment opportunity. Located on Co Rd 514 near Itta Bena (zip code 38941), this farmland is currently planted in beans and boasts a yield exceeding 50 bushels per acre. The asking price is $115,000, translating to a competitive $3,150 per acre. Situated conveniently on the outskirts of Itta Bena, just south of Larry's Fish House, this tract offers both immediate agricultural returns and significant long-term potential. Its versatile nature makes it suitable for continued farming operations or future development projects, such as rental housing. The property's location in Leflore County, Mississippi, provides access to established infrastructure and a supportive agricultural community. With its proven productivity and strategic location, this 36.5-acre parcel represents a rare chance to acquire high-quality farmland in a desirable area. The property's coordinates are approximately 33.4899204 latitude and -90.344796 longitude. This is a truly exceptional opportunity for investors seeking a productive and potentially lucrative land investment.
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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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.