522 & 524 University Dr, Starkville, MS 39759

$2,480,000
30,492
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$2,480,000
Status
ACTIVE UNDER CONTRACT
Days on Market
791
MLS#
24-1152
Subtype
Commercial Sale
Living Area
30,492
Lot Size
30,492
Acres
0.70
Subdivision
Cotton District
MLS Area Major
Central Business District

Property Description

522 & 524 University Dr, Starkville, MS: Dynamic location Zoned T5-U. This 0.70acre± property is on Univ. Dr. in the heart of the Cotton District, a short walk to the Mississippi State University campus. 522 University Dr has Raintree Apartments (10 renovated units, all 2-bed/1-bath, with granite countertops, & stainless-steel appliances, in two brick buildings); and a 3-bed/2-bath house. 524 University Dr has a house split into 3 apartments that is not habitable at this time. Excellent opportunity for a legacy property as a total redevelopment, or keep the existing structures and bring to a market rental rate. *Owner strongly prefers a long-term ground lease, or a proposal for a joint venture/partnership, but will consider an outright offer to purchase. * Inquire for more info.

Additional Information

Taxes
$10,794
Zoning
T-5U

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of FARMER COMMERCIAL PROPERTIES.