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302 Spring St

3.7 Acres of Commercial Land Offered at $14,457,767 CAD in Starkville, MS 39759

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INVESTMENT HIGHLIGHTS

The property is located in Starkville, which was just named the ''Best Small Town in the South!''

EXECUTIVE SUMMARY

Rare opportunity! 3.7 acres± in the center of Starkville, just down the street from Highway 12, the Cotton District, and the Mississippi State University campus. What a great location in Starkville, just named the ''Best Small Town in the South!'' Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines. Currently on the property are multiple apartment structures and two houses. Owner strongly prefers a long-term ground lease or a proposal for a joint venture/partnership, but will consider an outright offer to purchase; inquire for more info.
Chateau Maroon, 512 Green St: 30 units, all 2-bed/1-bath
University Apts, 302 Spring St: 16 units, all 2-bed/1-bath
Fourplex, office, & shop bldg. at 521 & 523 E Gillespie St
House 515 E Gillespie St: 2-bed/1-bath
House 506 Green St: 3-bed/1-bath

Schematic - Spring St

PROPERTY FACTS

Price	$14,457,767 CAD	Property Type	Land
Sale Type	Investment	Property Subtype	Commercial
Sale Condition	Redevelopment Project	Proposed Use	Commercial Mixed Use Multifamily
No. Lots	1	Total Lot Size	3.70 AC

Price	$14,457,767 CAD
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Mixed Use Multifamily
Total Lot Size	3.70 AC

1 LOT AVAILABLE

Lot

Price	$14,457,767 CAD	Lot Size	3.70 AC
Price Per AC	$3,907,504.58 CAD

Price	$14,457,767 CAD
Price Per AC	$3,907,504.58 CAD
Lot Size	3.70 AC

Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.

DESCRIPTION

The parcels total 3.7 acres± in the center of Starkville, just down the street from Highway 12, the Cotton District, and the Mississippi State University campus. What a great location in Starkville, just named the ''Best Small Town in the South!'' Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines. Due to current loan terms on the property, the earliest a closing could occur is Dec. 2025. Owner strongly prefers a proposal for a joint venture/partnership, but will consider an outright offer to purchase. Currently on the property are multiple apartment structures and two houses.

1 of 1

Walk Score®

Very Walkable (81)

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of any address. Transit Score®

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PROPERTY TAXES

Parcel Numbers	Multiple 101D-00-212.00 101D-00-213.00 101D-00-214.00	Improvements Assessment	$0 CAD
Land Assessment	$0 CAD	Total Assessment	$227,215 CAD

PROPERTY TAXES

Parcel Numbers

Multiple

101D-00-212.00
101D-00-213.00
101D-00-214.00

Land Assessment

$0 CAD

Improvements Assessment

$0 CAD

Total Assessment

$227,215 CAD

ZONING

Zoning Code	T5-C (Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.)
T5-C (Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines.)