1.76 Acres of Commercial Land in Southaven Towne Center
1.76 Acres | Development Potential
Marketing description
Price Reduction: The price has been reduced from $695,000 to $545,000, making this opportunity even more enticing!
Available for Sale or Land Lease.
Lot 3 spans 1.76 Acres (with 1.52 Acres of usable space). It's one of only 2 lots left at Southaven Towne Center. Much of the legal and permitting work has already been completed for a standalone restaurant.
Key Features:
Prime location as an out-parcel, situated on a hard corner at Southaven Towne Center.
Located in a high traffic area off of I-69 with 63,000 AADT (Average Annual Daily Traffic) and Goodman Rd with 38,000 AADT.
The occupancy rate exceeds 95%, with an impressive average sales figure of over $300 per square foot.
This lot presents versatile possibilities:
Ideal for a standalone restaurant or retail building.
Potential for amalgamation with the adjacent lot to unlock various options such as a small strip center, hotel, large retail structure, and more.
Investment highlights
Motivated Seller.
Option for Land Lease is open.
Situated within the bustling Southaven Towne Center, an open-air mall.
Southaven Towne Center, where store sales average over $300 per square foot.
Positioned in a high-traffic zone adjacent to I-69 with 63,000 AADT and Goodman Rd with 38,000 AADT.
One of 2 Lots still available at Southaven Towne Center which has $300+ SF in Store Sales.
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