3.7acres and 161,172 SF Gillespie St
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3.7acres and 161,172 SF Gillespie St
6 Properties Offered at $9,995,000 in Starkville, MS
Investment Highlights
- 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.
- Located just down the street from Highway 12, the Cotton District, and the Mississippi State University campus.
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
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 | Number of Properties | 6 |
| Price / SF | $166.50 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 60,030 SF |
| Status | Active | Total Land Area | 3.60 AC |
| Price | $9,995,000 |
| Price / SF | $166.50 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 6 |
| Individually For Sale | 0 |
| Total Building Size | 60,030 SF |
| Total Land Area | 3.60 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Chateau Maroon
512 Green St, Starkville, MS 39759 |
Multifamily | 30,000 SF | 2000 | - |
|
University Apts
302 Spring St, Starkville, MS 39759 |
Multifamily | 20,410 SF | 1970 | - |
| 523 E Gillespie St, Starkville, MS 39759 | Multifamily | 6,385 SF | 1975 | - |
| 521 E Gillespie St, Starkville, MS 39759 | Office | 973 SF | 1945 | - |
|
SFR House
515 E Gillespie St, Starkville, MS 39759 |
Multifamily | 873 SF | 1955 | - |
|
SFR House
506 Green St, Starkville, MS 39759 |
Multifamily | 1,389 SF | 1958 | - |
-
Scott Farmer -
Jane Anna Waide -
Farmer Commercial Properties
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3.7acres and 161,172 SF Gillespie St
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