Russell-Mt. Gilead Road

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Russell-Mt. Gilead Road

Toomsuba, MS 39364
Asking Price
Contact for price
Asset Type
Land
Class
Class B

AI Property Summary

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

  • The site encompasses a total of 48.65 acres of land.
  • Property is located along Russell-Mt. Gilead Road in Toomsuba.
  • The land offers versatile potential for industrial or residential development.
  • The site is situated within the growing Meridian submarket area.
  • Coordinates place the land at 32.3994, -88.5890 in Mississippi.

What's Special

Development potential defines this 48.65-acre tract situated along Russell-Mt. Gilead Road in Toomsuba, Mississippi. The expansive site provides significant acreage for agricultural operations, large-scale industrial projects, or residential development within this growing rural submarket of Lauderdale County. Positioned within driving distance of Meridian, the parcel benefits from proximity to regional transit corridors that facilitate logistics and access to surrounding commerce. Investors and developers will find the scale of the land suitable for versatile long-term planning, whether the goal involves subdividing for new housing or establishing a private facility. The surrounding landscape is characterized by open tracts and natural terrain, typical of the region's productive character. This asset represents a functional land holding for those looking to expand their footprint in the Mississippi market, leveraging the existing road frontage to support site accessibility and future infrastructure needs.

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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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