1308 Nesbit DrHernando, MS 38651

Property Details for 1308 Nesbit Dr

Year built

2021

Lot size

1.21 AC

Property size (Sq ft)

3,940 SF

Zone code

M-1

Property type

Retail properties

Property subtype

Community centers

APN

2-08-7-25-13-0-00001-00

APU

2087251300000100

Description

This prime industrial land in Hernando, Mississippi, offers exceptional investment potential. Located in the thriving Nesbit Industrial Cove, this property boasts easy access to major transportation arteries, including Highway 51 and Interstates 55 and 269 (within approximately 0.8 miles of I-55 Pleasant Hill Road Interchange and half a mile from Highway 51 and Pleasant Hill interchange). The site features lots ranging from 1 to 6 acres, though not yet platted (a potential layout map is available). Existing infrastructure includes curb, gutter, natural gas, and electrical services. The area is experiencing significant growth, with recent development of office warehouse spaces. This presents a unique opportunity for businesses seeking to establish or expand their operations in a rapidly developing industrial hub. The property is zoned M-1, making it suitable for a variety of industrial uses. The land is priced at $3 per square foot. The APN is 208725000 0003700. The address is 1308 Nesbit Dr, Hernando, MS 38651. This is an excellent chance to secure a strategic location in a high-growth area.

• CAP approach

  CAP return

  Valuation

  6%

  $834,507

  6.5%

  $770,314

  7%

  $715,291

• Comparable approach

  Method

  Valuation

  Relative Method

  $774,049

  Geo Method

  $774,049

• Alternative Use

  Use

  Valuation

  Residential

  $649,788

  Hospitality

  $595,203

  Educational

  $495,202

  Medical

  $512,232

  Retail

  $770,314

Location Insight

City

Nesbit

County

Desoto

State

Mississippi

Latitude

34.8795

Longitude

-90.0049

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].