0 Water Front Dr Southaven, MS 38671
This exceptional commercial development opportunity encompasses 12.20 acres of prime land situated in the southeastern quadrant of Airways and State Line Roads in Southaven, Mississippi. The property boasts approximately 500 feet of desirable waterfront access to Greenbrook Lake, enhancing its appeal and potential. This offering comprises four contiguous undeveloped tracts available for purchase as a single unit, presenting a unique opportunity for large-scale development. The land is zoned for commercial use, providing flexibility for a variety of projects. Three potential access points exist via established and paved roadways on Water Front Road, which curves north towards State Line Road. The property's northern area is bordered by Centre Street, an established area with existing office developments, particularly adjacent to the 8.26-acre tract. The location benefits from its proximity to existing retail, office, and other commercial developments in the northern part of Southaven. Detailed aerial photographs are available upon request, providing a comprehensive visual representation of the property's layout and surroundings. The asking price is $825,000, with a land value of $1.55 per square foot. The property is privately owned. The lot size ranges from 0.71 to 8.26 acres.
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
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.