Lick Skillet Road

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Lick Skillet Road

Toomsuba, MS 39364
Asking Price
$550K
Asset Type
Land
Class
Class B

AI Property Summary

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

  • A total of 203.1 acres available for purchase.
  • Property is situated on Lick Skillet Road in Toomsuba.
  • The land is priced at an asking price of $550,000.
  • Site offers significant potential for agricultural or recreational use.
  • Large-scale tract located within Lauderdale County, Mississippi.

What's Special

This 203.1-acre parcel on Lick Skillet Road provides substantial acreage for agricultural operations, timber investment, or large-scale private recreation. Situated in Toomsuba, Mississippi, the property benefits from the regional landscape characterized by rural expansion and proximity to primary transportation corridors within Lauderdale County. The site offers expansive terrain for prospective buyers looking to capitalize on land development potential in a growing market in the East Mississippi area. Its topography and acreage allow for versatile configurations, making it a viable candidate for various land-use applications, including conservation initiatives or personal estate development. Investors and developers will find the scale of this offering significant for long-term hold strategies or agricultural production needs. The surrounding region maintains a steady demand for undeveloped tracts, positioning this asset as a functional addition to a diverse real estate portfolio. Prospective buyers are encouraged to evaluate the site in the context of Toomsuba's regional connectivity and land-use guidelines.

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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801

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