2700 Highway 51 Hernando, MS 38632
- Commercial real estate
- 0.39 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2700 Highway 51
- Lot size
- 0.39 lot acres
- Property type
- Commercial real estate
Description
This exceptional 0.39-acre commercial land parcel presents a remarkable investment opportunity in the thriving Hernando, Mississippi market. Located just two blocks south of the Hernando Courthouse and Town Square, this fee simple property boasts prominent road frontage on Highway 51, Park Street, and Southern Street, offering unparalleled visibility and accessibility. Zoned Commercial C-2, the land is ideally suited for retail or restaurant development, capitalizing on the area's robust growth. Hernando's downtown area is experiencing significant revitalization, with recent additions of condo living and a vibrant restaurant scene fueling high-end development on the north side of the town square. This positive momentum is now extending to the south side, evidenced by new projects including a retail center, a roundabout intersection, and a townhouse development planned nearby. The property's land value is $14 per square foot, and the Hernando market currently enjoys a low retail vacancy rate of 2.6%, indicating strong demand and potential for high returns. This is a rare chance to acquire a strategically located commercial lot in a rapidly expanding Mississippi town. The asking price is $238,000.
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
- Hernando
- County
- DeSoto
- State
- Mississippi
- Longitude
- -89.99412818
- Latitude
- 34.82074713
