1 Teetime Dr Petal, MS 39465
This exceptional 74.57-acre parcel presents a unique development opportunity in Petal, Mississippi. Located at 1 Tee Time Dr, this property boasts approximately 2,376 feet of frontage on Highway 42, offering excellent visibility and accessibility. The land is situated within the highly-rated Petal School District, consistently ranked #1 in the state, and is less than a mile from Petal Primary School, Petal Elementary, Petal High School, and the Petal High School Athletics Complex. Its strategic location provides proximity to a strong residential base, with abutting neighborhoods on multiple sides. Previously a golf course, this expansive site is zoned for a variety of commercial uses, including retail, multifamily, office, hospitality, residential (single-family), and self-storage. The asking price is $2,416,645, translating to $32,407 per acre. The property's location offers convenient access to Interstate 59, approximately 8.9 miles away. The APN is 3-020P-34-055.00. This presents a rare chance to acquire a large, well-located tract in a thriving community with excellent schools and infrastructure. The diverse zoning allows for a wide range of development possibilities, catering to various market demands. This is an exceptional investment opportunity with significant potential for future growth and return.
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
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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.