2700 Highway 51Hernando, MS 38632

Property Details for 2700 Highway 51

Lot size

0.39 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

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.

Location Insight

City

Hernando

County

DeSoto

State

Mississippi

Latitude

34.8207

Longitude

-89.9941

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