107

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107

Conehatta, MS 39057
Asking Price
$325K
Asset Type
Land
Class
Class B

What's Special

107 Conehatta Street is situated in the rural community of Conehatta, Mississippi, within Newton County. The property is positioned in a quiet, low-density area characterized by a mix of undeveloped acreage and residential farmsteads. Local amenities include the Conehatta Elementary School nearby, with essential retail services located a short drive away in the neighboring town of Newton. The site provides direct frontage on Conehatta Street, offering a straightforward connection to Mississippi Highway 489, which facilitates regional transportation and logistics throughout the central part of the state. The land is suitable for a variety of private or small-scale commercial development projects. Potential use cases include local service facilities, agricultural operations, or residential subdivisions, subject to local zoning approvals. An ideal tenant or owner-occupant would likely be a local business owner requiring outdoor storage space, a hobby farmer, or a developer seeking to capitalize on the area's demand for spacious residential lots. The parcel offers a flexible footprint for users looking for a secluded location while maintaining access to county infrastructure.

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NOI
$80,000
Cap Rate
24.62%
DSCR
4.15
Strong
Cash-on-Cash
62.26%
Monthly Payment
$1,607.923
Annual Cash Flow
$60,704.928

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