11360 Hwy 494

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11360 Hwy 494

Collinsville, MS 39325
Asking Price
Contact for price
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property encompasses 12.5 acres of land.
  • The parcel is situated directly along Highway 494.
  • Collinsville is located in the regional Mississippi market.
  • This site offers development potential for various commercial applications.
  • The acreage provides flexibility for residential or private use.

What's Special

This 12.5-acre parcel of land sits along Hwy 494 in Collinsville, Mississippi. Positioned within Lauderdale County, the site benefits from the established infrastructure of the regional corridor, offering a strategic location for those looking to expand their footprint in this growing area of the state. The acreage provides sufficient space to support various development initiatives, ranging from light commercial projects to residential planning or private investment holdings. The accessibility provided by the highway frontage makes this tract a functional choice for developers or investors seeking a versatile site in a submarket characterized by steady growth and proximity to the greater Meridian area. Potential use cases for this land include agricultural development, recreational utilization, or future site construction depending on local requirements. Prospective buyers should conduct their own due diligence regarding utilities and site-specific development capabilities to align with long-term objectives for the property.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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