This Land Property is no longer advertised on LoopNet.com.

0 W Commerce St
Hernando, MS 38632

Land For Sale · 1,100.00 AC

INVESTMENT HIGHLIGHTS

  • Approved for 3,900 homes: single family detached, multi-family, and two mixed-use commercial areas including live/work homes.
  • Only 13 miles from Memphis, 15 minutes from Memphis International Airport, and only 2 miles from 2 interstate highways.
  • Approved 55+ Active Adult Neighborhood, Traditional Neighborhood Development (TND), and Conventional.

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units - Condo
  • Community Center
  • Hold For Development
  • Hold For Investment
  • Master Planned Community
  • Single Family Development
Total Lot Size 1,100.00 AC

DESCRIPTION

Property Details -Primed for development - 1,100 +/- acres of rolling preserved forested hills unspoiled after nearly 200 years in the same family. -A significant stand of intensively managed mixed hardwood and pine timber spans the majority of the property and is valued at well over a million dollars. -The balance of the property is tillable acreage which provides an annual income. -Approved master planned mixed use development. Planning by award winning Looney/Ricks/Kiss Architects. -Approved for 3,900 homes: single family detached, multi-family, and two mixed-use commercial areas including live/work homes. -Approved 55+ Active Adult Neighborhood, Traditional Neighborhood Development (TND), and Conventional Development. -Walkable neighborhoods surrounded by large preserved natural open spaces connected by walking/jogging and bike trails allow for higher density development while preserving the small-town feel. -Only a walkable two blocks to the quaint Hernando Town Square, “Hernando West” residents will enjoy the convenience to shops, restaurants, businesses, and community events. -“Hernando West” and its central location will make it a community wide destination to visit, explore, and a place to live. -Located in Desoto County, Mississippi - the fastest growing prosperous area in the state and mid-south area. -Only 13 miles from Memphis, 15 minutes from Memphis International Airport, and only 2 miles from 2 interstate highways. -Contiguous to three surrounding roads allow development to occur concurrently on the property. -Served by public water, electric, and gas. -Recently completed major sewer extension provides sewer availability to the entire site. Priced as a whole at $29,900,000. Sale of neighborhood areas or phases will be considered.

  • Listing ID: 30753806

  • Date on Market: 1/24/2024

  • Last Updated:

  • Address: 0 W Commerce St, Hernando, MS 38632