South Of Grenada Lake, North Of Gore Springs Community

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South Of Grenada Lake, North Of Gore Springs Community

Grenada, MS 38929
Asking Price
$272K
Asset Type
Land
Class
Class B

What's Special

This property is located south of Grenada Lake and north of the Gore Springs community in Grenada, Mississippi. The surrounding neighborhood is characterized by rural landscapes, timberland, and proximity to the Grenada Lake recreation area. The site is situated near MS-8, which serves as a primary east-west arterial route, providing a direct connection to Interstate 55 and the regional commercial hub of Grenada. Local amenities include state park facilities and outdoor recreational venues within a ten-mile radius. The site is suited for timber production, recreational development, or light rural commercial use. Ideal stakeholders include long-term land investors, agricultural operators, or developers targeting tourism-related projects due to the proximity to the lake. The terrain and location favor tenants or owners seeking low-density development or natural resource management opportunities within the North Mississippi region.

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NOI
$80,000
Cap Rate
29.47%
DSCR
4.96
Strong
Cash-on-Cash
78.43%
Monthly Payment
$1,343.234
Annual Cash Flow
$63,881.194

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