42.7 Acres in Lafayette County in Oxford

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42.7 Acres in Lafayette County in Oxford

Oxford, MS 38655
Asking Price
$324K
Asset Type
Land
Class
Class B

What's Special

Located in Lafayette County just outside the Oxford city limits, this 42.7-acre parcel situated along Highway 6 provides significant road frontage and high visibility. The surrounding area features a mix of rural residential estates and light commercial developments, representative of the region's steady outward expansion. The property is positioned within a ten-minute drive of the University of Mississippi campus and the Historic Oxford Square, offering convenient access to local retail hubs and healthcare facilities. Major regional transportation routes are easily accessible, providing direct connectivity to Batesville and Pontotoc. The vast acreage and strategic highway positioning make this site suitable for large-scale residential subdivisions or a mixed-use master-planned community. Given the local market demand, typical developers would likely target low-to-medium density housing or institutional facilities requiring expansive footprints. The topography and zoning potential also support light industrial use or corporate campus development. Potential occupants include residential developers seeking proximity to university amenities or logistics-based companies requiring efficient highway access for regional distribution.

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NOI
$80,000
Cap Rate
24.70%
DSCR
4.16
Strong
Cash-on-Cash
62.55%
Monthly Payment
$1,602.233
Annual Cash Flow
$60,773.203

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