117 SW Fourth Street
Flora, MS, 39071 $ 3,195,000
Baths0.0 Sq 14,000 Monthly Estimate*
$ 22,318
Studio
for $3,195,000. This 14,000 square foot building was built in 1937 on a lot size of 16.34.
Welcome to your future upscale housing development opportunity nestled within the charming city limits of Flora, MS. This expansive 16.38 acre property offers a blend of historic charm and modern potential, presenting an array of possibilities for savvy investors. The centerpiece of this property is a stately 14,000 square-foot school building allegedly built in 1922, with solid brick exterior walls poised to be transformed into luxurious residences. Imagine the allure of exposed brick walls reminiscent of its rich history. Should the buyer desire, the esteemed MS Department of Archives and History stands ready to accept this gem, opening doors to enticing tax credits. Within the school's confines, a well-maintained gym spanning 10,500 square feet awaits, boasting locker rooms, bleachers, and concession facilities. Additionally, the property features two tennis courts and a theater space encompassing 5,000 square feet, complete with a large stage and ample amenities. This package also includes a 2,000-square-foot cafeteria, fully equipped and in place for use. Small hill behind Cafeteria, Main Building and Theater leads down to approximately 10 acres of flat, level ground that could be easily developed. Easement to Hwy 49 could potentially be negotiated with adjacent landowners, opening up traffic count and easing traffic flow. Situated within Flora's city limits, this property enjoys prime frontage on both Fourth and Jackson Street, making it easily accessible and highly visible. Zoned for Special Use, the options for development are vast, limited only by imagination. With Flora Water and Sewer services readily available, the groundwork for success is laid.The canvas is vast, the potential boundless. Seize this opportunity to shape the future of Flora, MS, and make your mark on its storied landscape. Contact Tom today to explore the endless possibilities that await on this remarkable property!Consider the endless possibilities that await:Multi-Unit Complex: Create a vibrant community within these grounds, offering modern living spaces amidst a historical backdropAssisted Living Community: Cater to the needs of seniors in picturesque setting, fostering a sense of comfort and securityPrivate Academy: Establish a prestigious educational institution, leveraging the existing facilities to nurture future generationsShopping Center Lifestyle Complex: Create a dynamic hub for retail, dining, and entertainment10+/- Acres for Development: Harness the expanse of open land for custom projects tailored to meet specific needs and visions.This property could be commercial or residential.
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FeaturesExteriorExterior Features Tennis Court(s)
Lot Features City Lot Level
Parking Features Paved
Pool Features None
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GeneralRoof Aluminum
current use Vacant
School District Madison CO Dist
HOA No
New Construction No
Subdivision Metes And Bounds
County Madison
Levels One
Business Type Other Special Purpose
Property Type E
Location City State Highway
Accessibility Features No
Tax Year 2023
Status Active
Commercial Features Other
Sub Type Special Purpose
Year Built 1937
City Flora
Legal Description LOT 880X742 1/2 FT W OF 4TH ST TWEEN CENTER & MADISON STREETS LESS .59A -14.44 AC-
Elementary School Madison County
Structure Type Other See Remarks
Street Name Fourth
Listing Terms 1031 Exchange Cash Contract Conventional
Flood Insurance Required? No
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InteriorFlooring Concrete Tile
Total Floors 1
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* Excluded FeaturesList ByThomas N SmithListing Agent
Tom Smith Land & HomesBroker
tom@tomsmithland.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $22,318
- Monthly Property Taxes
- $758
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Flora, MS
Average List Price $3,195,000
Percent of Sale Price 0%
About Flora, MS 1,801 Population
22% Since 2002
$ 50,114 Median Income
39.69 Median Age
26% Households with Children
Trends Information provided by ATTOM Data Solutions.
3601780 Elementary School
3550659 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
3/29/2024 | $3,195,000 | | Listed Price |