3240 Road 113D'Iberville, MS 39540

Property Details for 3240 Road 113

Lot size

23.00 AC

Property type

Other commercial real estate

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a 32-unit multifamily development situated on 23 acres of waterfront land in D'Iberville, Mississippi. Currently under construction, this Class A property boasts a prime location adjacent to Academy Sports, offering unparalleled access to major interstates, premier restaurants, retail outlets, and various amenities. The property is zoned C-3 Interstate Commercial, District A, allowing for significant future expansion potential. The existing 32 units are currently under construction, with permitting and entitlements in place for a total of 112 units, showcasing substantial growth opportunities. The expansive 23-acre lot provides ample space for future development and expansion, capitalizing on the high demand for rental properties in this thriving area. Market analysis reveals rental rates in the immediate vicinity are 18% above the coastal area average, indicating strong potential for high occupancy and significant return on investment. The property's location within an excellent school district further enhances its appeal to potential tenants. This is a rare chance to acquire a rapidly developing multifamily asset in a highly desirable location with significant upside potential. The address is 3240 Rd 113, D'Iberville, MS 39540, in Harrison County.

Location Insight

City

D'Iberville

County

Harrison

State

Mississippi

Latitude

30.4595

Longitude

-88.888

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