6240 Davidson RdOlive Branch, MS 38654

Property Details for 6240 Davidson Rd

Year built

2000

Construction

BRICK

Lot size

23.61 AC

Property size (Sq ft)

902 SF

Zone code

A-R

Property type

Commercial real estate

APN

1-06-9-31-00-0-00023-00

APU

1069310000002300

Description

This exceptional 11.32-acre parcel of unimproved land presents a remarkable investment opportunity in the thriving city of Olive Branch, Mississippi. Located at 6240 Davidson Road, this property is zoned A-R (Agricultural/Residential) and offers significant potential for various development projects. Utilities are conveniently available on-site. While currently zoned for agricultural and residential use, special conditional zoning permits may be pursued to explore alternative uses. The City of Olive Branch has plans to extend Davidson Road, creating a highly desirable hard corner intersection at the southwest corner of the property, connecting to Autumn Valley Drive. Note that the timing and final approval of this road extension are currently unknown. A portion of the property (approximately 1 acre) will be retained by the seller, as indicated on the provided map illustrating the proposed road extension and intersection. This 11.32-acre tract in DeSoto County, Mississippi (zip code 38654) is priced at $1,125,000. The property's location offers easy access to key amenities and infrastructure, making it an attractive proposition for developers and investors seeking a strategic foothold in a rapidly growing area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $147,292

  6.5%

  $135,962

  7%

  $126,251

• Comparable approach

  Method

  Valuation

  Relative Method

  $70,319.90

  Geo Method

  $70,319.90

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $271,095

  Retail / Commercial

  $138,347

  Mixed-Use / Specialty

  $137,327

  Hospitality / Lodging

  $100,066

  Office

  $135,962

  Institutional / Educational

  $142,576

  Residential Income

  $166,814

  Multifamily

  $202,990

  Automotive / Energy

  $122,208

  Parking / Income-Based Land

  $42,693.40

  Restaurant / Food Service

  $70,299.90

  Healthcare / Senior Housing

  $141,367

Location Insight

City

Olive Branch

County

Desoto

State

Mississippi

Latitude

34.95

Longitude

-89.8814

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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