8.5 Acres on HWY 49 (Next to Siemens)

Highlights

• 8.5 +/- Total Acres (5+/- Acres Useable)
• 650' +/- of road frontage on Hwy 49
• Traffic Count: 54,000 Vehicles Per Day
• Frontage on Main Travel Artery U.S. HWY 49
• Located in the heart of Truck and Industrial Facility Centers

Description

The subject property is a total of 8.5 +-/- acres located in the northern portion of the City of Richland, which is primarily industrial in character. Approximately 5+/- of land not affected by easements or floodway. The predominant uses in the subject’s immediate area along Highway 49, which has an average daily traffic count of about 54,000 vehicles, include truck and equipment sales and service facilities and retail/warehouses. Active districts of manufacturing and distribution type properties exist both east and west of the Highway 49 corridor. The industrial, equipment and trucking tendencies of this neighborhood are driven by the transportation hub created by the close proximity of I-55, I-20 and US-49 (The Stack).

The subject property is located in Richland, MS, a southern suburb of Jackson - the State's Capitol. Richland is an industrious town, bisected by a main metropolitan travel artery - U.S. HWY 49, and is home to many national businesses and a growing economy. The subject property has frontage on HWY 49, and is situated just south of the I-20/I-55 axis (less than 1.5 miles from I-20). Interstate 20 runs west to Dallas and east to Atlanta, while Interstate 55 goes north to Memphis, and south to New Orleans. Richland is also home to multiple railway systems and an inter modal connection hub. The City's ad valorem tax rate is the lowest in the Jackson MSA, and it imposes only the State's minimum sales tax rate. Even still, healthy sales tax revenues have facilitated financing of various civic improvements, helping to suppress ad valorem tax rates, and creating a desirable business environment for myriads of industries to establish a significant presence.

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