Catylist ID:
#30673405
Residential Development potential in Opportunity Zone
Multi-Family
for Sale
| Catylist Listing ID: | 30673405 |
| Property Subtypes: | Mobile Home Park |
| Number of Units: | 40 Units |
| Building Size (RSF): | 40,000 SF |
| Gross Building Area: | See Agent |
| Gross Land Area: | 75 - 85 Acres |
| Sale Price: | $3,500,000 |
| Unit Price: | $87,500 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Net Leased Investment (NNN) |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Average Occupancy Rate: | 90 |
| Last Updated: | 1/20/2021 |
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 and multi housing. Located just outside the city limits. There are a couple of extra tracts within the city limits available. Consists of Los Colinas, 11 houses @$900/month =$9900 St. Patrick ST, 17 houses and MH @ $700/month = $11900 12 trailers @ $600/month = $7200 total income $337,200 The tire 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 |
| Zoning: | COMMERCIAL |
| Property Located Between: | Clay Street and Highway 27 |
| Highway Access: | I-20 |
| Airports: | Vicksburg-Tallulah Regional Airport and Medgar Evers International Airport |
| Water Service: | Other |
| Sewer Type: | Septic |
| 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 |
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 |
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