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13328448
13343640

242 Southern St, Hernando, MS 38632

WD
MS MS B-15586, TN TN 272205
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis
$275,000
958 days on market
Updated 31 days ago

NEW PRICE - Patterson Row

Details
Property Type Land
Sub Type Residential
Broker Co-Op Yes
Acreage 0.800
Zoning Townhouse PUD
Ownership Fee Simple
Sale Condition For sale by owner

NEW PRICE - Hernando MS Land Entitled for 10 Townhomes

Marketing description

Patterson Row is a gated planned townhouse community that provides urban living in Historic Downtown Hernando, MS. This project is approved for 10 townhouses. Two buildings are planned that would accommodate 5 units per building. The project can be developed in 2 Phases with Phase 1 beginning at the southeast corner of Hwy 51 and Southern St. The minimum heated square footage requirement for each unit is 1,850 sf.

Downtown Hernando has experienced positive growth over the course of the last few years. New restaurants and apartments on the north side of the square have increased foot traffic downtown, which bodes well for retailers. The Patterson Row project is located between the Courthouse Square and the round about intersection at Oak Grove Rd to the south. This portion of Hwy 51 has experienced consistent new retail development over the past few years with limited land opportunities available. There are also very few housing options in the downtown area and none that provide an opportunity for ownership. This project offers an opportunity for high density development in a thriving corridor with small town feel.

Investment highlights

Rare opportunity to develop in the downtown Hernando area

Rare high density residential zoning

A desired product with no competition in the market

All townhouses designed with porches, balconies, and a 2 car garage

Property has been cleared and all utilities are on site

Listing Contacts

WD
MS MS B-15586, TN TN 272205
Marcus & Millichap - Memphis
Listed by Marcus & Millichap - Memphis

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Additional Information

Name
Mickey Davis
License
MS 15586
Title
Broker of Record
Name
William Davis
License
MS B-15586
Brokerage
Marcus & Millichap
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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