Residential Development potential in Opportunity Zone

Vacant Land for Sale
Also listed as Multi-Family
Catylist Listing ID: 30460679
Property Subtypes: Mobile Home Park, Multi-Family, Residential (Single Family), Other
Gross Land Area: 60 - 75 Acres
Sale Price: $16,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/29/2019

Overview / Comments

Great location for residential development area in Opportunity Zone. Located just 2 minutes from I-20 Exit 4B in Vicksburg, 3 minutes for Outlets of Vicksburg, hotels, restaurants and next to the main YMCA campus. Also, just 28 minutes from the new Continental Tire Company near Bolton, MS. Property is currently a mobile home park and owner will remove mobile homes. Located just outside the city limits. There are a couple of extra tracts within the city limits available.

The company plans to hire 250-500 people in its first phase from October 2018 through 2019. It then plans for expansion through 2028 that will total 2,500 jobs, per the company's agreements to invest $1.45 billion in the plant and create jobs in exchange for pledges of about $650 million in spending and tax breaks from state and local governments.

Additional Details

Nearest MSA: Vicksburg
County: Warren
Taxing Authority: Warren County
Tax ID/APN: 107 31 0040 001100 and others
Property Located Between: Clay Street and Highway 27
Property Visibility: Good
Legal Description: Approx 60 acres in one tract, LOTS: 2 PT & PT 8 , PLAT BOOK 1- FF PAGE- 650, PLAT BOOK 2- FF PAGE- 651
Largest Nearby Street: Clay Street
Highway Access: I-20
Airports: Vicksburg-Tallulah Regional Airport and Medgar Evers International Airport
Topography: Undulating
Available Utilities: Electric, Water
Water Service: Other
Sewer Type: Septic

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,612 20,941 35,200
Median Age: 34.55 37.67 37.2
Households: 613 8,436 13,816

Contact

Photograph of Listing Agent

Pam Powers

Powers Properties Oxford, MS 38655
MCAR Member
© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither MSCREX nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.