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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

Attachments

Schematic Docs

Property Facts

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
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 -
523 E Gillespie St, Starkville, MS 39759 Multifamily 6,385 SF 1975 -
University Apts
302 Spring St, Starkville, MS 39759
Multifamily 20,410 SF 1970 -
Chateau Maroon
512 Green St, Starkville, MS 39759
Multifamily 30,000 SF 2000 -
Show More > < Show Less
  • Listing ID: 32045428

  • Date on Market: 6/6/2024

  • Last Updated:

  • Address: 3.7acres and 161,172 SF Gillespie St, Starkville, MS

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