For Sale
$238,000

2700 Highway 51Hernando, MS 38632

Prime .39-acre commercial lot in Hernando, MS

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional 0.39-acre commercial land parcel presents a remarkable investment opportunity in the thriving Hernando, Mississippi market. Located just two blocks south of the Hernando Courthouse and Town Square, this fee simple property boasts prominent road frontage on Highway 51, Park Street, and Southern Street, offering unparalleled visibility and accessibility. Zoned Commercial C-2, the land is ideally suited for retail or restaurant development, capitalizing on the area's robust growth. Hernando's downtown area is experiencing significant revitalization, with recent additions of condo living and a vibrant restaurant scene fueling high-end development on the north side of the town square. This positive momentum is now extending to the south side, evidenced by new projects including a retail center, a roundabout intersection, and a townhouse development planned nearby. The property's land value is $14 per square foot, and the Hernando market currently enjoys a low retail vacancy rate of 2.6%, indicating strong demand and potential for high returns. This is a rare chance to acquire a strategically located commercial lot in a rapidly expanding Mississippi town. The asking price is $238,000.

Highlights

  • Downtown Hernando, MS commercial land, 0.39 acres.
  • Triple road frontage on Highway 51, Park Street, and Southern Street.
  • Two blocks from the Hernando Courthouse and Town Square.
  • C-2 zoning ideal for retail or restaurant development.
  • Low 2.6% retail vacancy rate and $14/sq ft land value.

Property Details for 2700 Highway 51

Property type
Land
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Hernando
County
DeSoto
State
Mississippi
Latitude
34.82074713
Longitude
-89.99412818
2700 Highway 51, Hernando, Mississippi

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2700 Highway 51
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