49 Old HwyLyman, MS 39503

Property Details for 49 Old Hwy

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity encompasses 268 fully entitled lots, perfectly positioned for immediate multifamily development in the thriving city of Gulfport, Mississippi. Located at 0 Old Highway 49, this prime parcel is zoned MPC (Master Planned Community) and boasts a comprehensive array of entitlements, significantly reducing development hurdles and accelerating project timelines. The property includes APNs 0706-17-009.00, 0706-18-001.000, and 0705-07-008.000, ensuring clear title and streamlined transactions. Key entitlements include a crucial COE (Certificate of Eligibility) Wetlands Permit, eliminating potential environmental delays. Furthermore, the site benefits from readily available water and sewer infrastructure via the City of Gulfport, ensuring seamless utility connections. The potential for Tax Increment Financing (TIF) exists, subject to reinstatement, offering further financial advantages. This "shovel-ready" status, combined with the existing infrastructure and entitlements, presents a rare opportunity for significant returns in a rapidly growing market. The asking price for this expansive land holding is $3,216,000. Don't miss this chance to acquire a substantial portfolio of fully entitled lots in a prime Mississippi location.

Location Insight

City

Lyman

County

Harrison

State

Mississippi

Latitude

30.4391

Longitude

-89.1008

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