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

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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


Photograph of Listing Agent

Pam Powers

Powers Properties Oxford, MS 38655
MCAR Member
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