170.14 Acres - DeSoto County, MS

 

BANK OWNED - - - make an offer

Prime Residential Development Property

DeSoto County, MS Investment Opportunity

This prime development property is located between Center Hill Road and Polk Lane east of the corporate limits of Olive Branch in DeSoto County, Mississippi. It consists of 170.14 acres of prime residential development land. This tract is located between two sections of Whispering Pines Drive.

The property consists of rolling to hilly topography and heavily wooded areas with several open spaces. It joins the Center Hill Downs subdivision on the east side and is rated R-30, Residential Single Family District by DeSoto County.  This area of DeSoto County has experienced rapid growth over the past few years and all indicators show a return to positive appreciation and continued housing growth.

There are residential developments on three sides of this 170 acre tract.  The property is covered with beautiful hardwood and pine trees with slow rolling hills and will likely be one of the largest properties available in this rapidly developing area in the immediate future.  The property is bank owned and the lender is highly motivated to remove this property from their inventory.  Now is the chance for a visionary developer to acquire this property at market rates that have not been seen in the last ten years.

The property was appraised on December 30, 2008 at $2,550,000.00.  The cover letter that accompanied the appraisal is included in the downloadable brochure.

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