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5515 Hwy 305 N - Key Olive Branch Signalized Lot

3.92 Acres of Commercial Land Offered at $1,425,804 in Olive Branch, MS 38654

EXECUTIVE SUMMARY

Located at a Key Olive Branch Lighted Intersection, just off I-22 on Highway 305, this lot features a square with Ideal +/-290' x 375' dimensions. Extra depth off the back would be excellent for self-storage use, and the parcel features extra-wide ingress/egress off of MS 305.
This well-located lot will continue to serve the increasing truck traffic on Nail Rd, as e-commerce continues to expand its warehouse footprint to serve North Mississippi and the Memphis MSA. Ongoing local traffic will increase also as this is a chief route to the Tanger Outlet and as new development pops up.
An ideal location for many types of retail and service industry users from restaurants to gas stations/C-Stores, to bank, pharmacy and dollar store developers.

PROPERTY FACTS

Price $1,425,804
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Auto Repair
  • Convenience Store
  • Drugstore
  • Fast Food
  • Medical
Total Lot Size 3.92 AC

1 LOT AVAILABLE

Lot

Price $1,425,804
Price Per AC $363,725.51
Lot Size 3.92 AC

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
2062040000001800
Land Assessment
$1,575
Improvements Assessment
$0
Total Assessment
$1,575

ZONING

Zoning Code C-4
C-4
  • Listing ID: 33608318

  • Date on Market: 10/23/2024

  • Last Updated:

  • Address: 5515 Hwy 305 N, Olive Branch, MS 38654

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