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302 Spring St

3.7 Acres of Commercial Land Offered at $9,995,000 in Starkville, MS 39759

Investment Highlights

  • The property is located in Starkville, which was just named the ''Best Small Town in the South!''

Executive Summary

Rare opportunity! 3.7 acres± in the center of Starkville, just down the street from Highway 12, the Cotton District, and the Mississippi State University campus. What a great location in Starkville, just named the ''Best Small Town in the South!'' Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines. Due to current loan terms on the property, the earliest a closing could occur is Dec. 2025. Owner strongly prefers a proposal for a joint venture/partnership, but will consider an outright offer to purchase. Currently on the property are multiple apartment structures and two houses.
Chateau Maroon Apts, 512 Green St: 30 units, all 2-bed/1-bath
University Apts, 302 Spring St: 16 units, all 2-bed/1-bath
Fourplex, office, & shop bldg. at 521 & 523 E Gillespie St
House 515 E Gillespie St: 2-bed/1-bath
House 506 Green St: 3-bed/1-bath

Property Facts

Price $9,995,000
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
Total Lot Size 3.70 AC

1 Lot Available

Lot

Price $9,995,000
Price Per AC $2,701,351.35
Lot Size 3.70 AC

Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.

Description

The parcels total 3.7 acres± in the center of Starkville, just down the street from Highway 12, the Cotton District, and the Mississippi State University campus. What a great location in Starkville, just named the ''Best Small Town in the South!'' Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines. Due to current loan terms on the property, the earliest a closing could occur is Dec. 2025. Owner strongly prefers a proposal for a joint venture/partnership, but will consider an outright offer to purchase. Currently on the property are multiple apartment structures and two houses.

Walk Score®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 101D-00-212.00
  • 101D-00-213.00
  • 101D-00-214.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$159,047

zoning

Zoning Code T5-C (Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.)
T5-C (Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.)
  • Listing ID: 32692926

  • Date on Market: 8/5/2024

  • Last Updated:

  • Address: 302 Spring St, Starkville, MS 39759

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