Gillespie Green Streets 3.7Acres Spg Starkville, MS 39759
- Retail properties
- 161,172 SF
- 3.70 lot acres
Current Use by Public Records
- Retail properties
Property Details for Gillespie Green Streets 3.7Acres Spg
- Lot size
- 3.70 lot acres
- Property size
- 161,172 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional 3.7-acre mixed-use property in Starkville, Mississippi, presents a rare redevelopment opportunity. Located near Highway 12, the Cotton District, and Mississippi State University, this prime location boasts significant potential for investors. The property currently features multiple apartment structures and two houses, including the Chateau Maroon (30 units, all 2-bed/1-bath), University Apartments (16 units, all 2-bed/1-bath), a fourplex, an office building, a shop building, and a 2-bed/1-bath house at 515 E Gillespie St, and a 3-bed/1-bath house at 506 Green St. The total square footage is 161,172, encompassing retail, multifamily, and office space. Zoning is primarily T-5C, with some areas zoned TN-E. The asking price is $9,995,000. Due to existing loan terms, the earliest closing date is December 2025. The owner strongly prefers a joint venture/partnership proposal but will consider an outright purchase offer. This property offers substantial upside for a developer seeking to capitalize on Starkville's thriving market and its designation as one of the "best small towns in the South." Subject to city guidelines. Address: 3.7 acres Spring Gillespie Green Streets, Starkville, MS 39759.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Starkville
- County
- Oktibbeha
- State
- Mississippi
- Longitude
- -88.8107
- Latitude
- 33.4595
