100439 . 161.53+/- Acre Land Canton MS

100439 . 161.53+/- Acre Land Canton MS Canton, MS 39046

100439 . 161.53+/- Acre Land Canton MS, Canton, MS, 39046
100439 . 161.53+/- Acre Land Canton MS
100439 . 161.53+/- Acre Land Canton MS, Canton, MS, 39046
FOR SALE
Property Type:
Residential Land Development
Amount:
$3,000,000
Last Verified:
Jul 07, 2020

Description

Go to www.SFRhub.com to custom search for portfolio 100439 and view additional information.

This listing is an opportunity for an investor and developer to develop approximately 161 acres of residential land. The property is currently zoned Madison County, MS R-5, which allows for denser residential development. Being in an opportunity zone provides the potential for long-term capital gain protection and opportunity. Located only about six miles from a Nissan North America auto plant, there is a need for appropriately scaled and priced homes.

Highlights
  • Go to www.SFRhub.com to custom and search for portfolio 439 to view additional information! This listing consists of approximately 161.53+/- acres of residential development land
  • The entire property is in a Qualified Opportunity Zone
  • Nissan North America auto plant is about six miles from the site (6,400 employees)
  • Close to Peco Foods of MS (1,300 employees)
  • A portion of the site would be appropriate for a Build-for-Rent community of homes
  • Portion of the site would be advantageous for LIHTC based on the demand in the area
  • Madison County, Mississippi R-5 (Patio Home) Zoning
  • Easy access to downtown Canton, Mississippi and Interstate 55
  • Jackson, Mississippi is about ½ hour to the south
  • Canton median home value is $128,484*
  • Strong renter area with 53.7% of people renting with an average rent of $945/month*
  • Median Household income in Canton is $45,915*
  • * Neighborhoodscout.com

Additional URLs

Map of 100439 . 161.53+/- Acre Land Canton MS, Canton, MS, 39046

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.