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Hwy 302 & Red Banks Rd

127 Acres of Commercial Land in Red Banks, MS 38661

Commercial Land Mississippi Red Banks Hwy 302 & Red Banks Rd, Red Banks, MS 38661

Investment Highlights

  • Access to HWY-302

Executive Summary

This property is an excellent opportunity for a speculative industrial development. This site, currently zoned industrial, allows easy access to I-269 and other major roadways. Marshall County has become a major distribution submarket for the Memphis MSA. The completion of I-69, joining I-22, Hwy. 72 and Hwy. 302, has changed distribution patterns that have shaped the dynamics of industries seeking a competitive advantage in the Memphis market. With players including Pepsi, Barrett Distribution, Milwaukee Tool, Niagara, McCormick, Nike, Asics and Exel expanding their distribution presence, the area is poised for continued growth and offers an excellent option for industrial uses. The Marshall County submarket consists of 19.6 million square feet of Class A product with a current vacancy rate of 11.8%. During the past five years, Marshall County has expanded its industrial portfolio with approximately 12 million square feet of new Class A product. Developers completed 3.8 million square feet of BTS product over recent years, including Kellogg, Hamilton Beach, Milwaukee Tool, Baxter and Corelle Brands.
• Zoned industrial
• Potential for over 1.7M SF of warehouse space
• Site has no impediments to development
• All utilities to the site
• Located in Opportunity Zone 28093950100

Attachments

Hwy. 302 & Red Banks Rd. Brochure

Property Facts

Sale Type Investment Property Subtype Commercial
No. Lots 1 Total Lot Size 127.00 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 127.00 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size 127.00 AC
Lot Size 127.00 AC

127-acres off of Hwy-320 & Red Banks Rd.

Description

127-acres off of Hwy-320 & Red Banks Rd.

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Hwy 302 & Red Banks Rd, Red Banks, MS - aerial map view

zoning

Zoning Code IL (Industrial Zoning)
IL (Industrial Zoning)
(901) 375-4800

  • Listing ID: 30965108

  • Date on Market: 2/15/2024

  • Last Updated:

  • Address: Hwy 302 & Red Banks Rd, Red Banks, MS 38661

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Hwy 302 & Red Banks Rd, Red Banks, MS for sale Site Plan- Image 1 of 4
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Hwy 302 & Red Banks Rd
(901) 375-4800 x

Hwy 302 & Red Banks Rd

Andy Cates

(901) 375-4800

(901) 375-4800

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