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Highway 51 U.S. Highway 51 23.57 Acres of Industrial Land Offered at $990,000 in Magnolia, MS 39652
INVESTMENT HIGHLIGHTS
- The property includes an active rail spur for a modern rail line, connecting the land to the Canadian National Railway Company's track network.
- The land is 8 minutes from the McComb Pike County Airport.
- The cleared land is level with 1,369 feet of frontage on Highway 51 with 6,458 VPD.
EXECUTIVE SUMMARY
The active rail spur with CN, Canada's largest railway, can hold approximately 30 railcars. The Canadian National Railway Company connects Canada's coasts with about 20,000 total route miles of track. The land's neighboring tenants are Weyerhaeuser Timber Mill and International Paper Mill. With access to the rail line and other manufacturers nearby, the location is a prime industrial development opportunity.
PROPERTY FACTS
| Price | $990,000 | Property Subtype | Industrial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 23.57 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | I - Industrial | ||
| Price | $990,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | |
| Total Lot Size | 23.57 AC |
| Opportunity Zone |
Yes |
| Zoning | I - Industrial |
1 LOT AVAILABLE
Lot
| Price | $990,000 | Lot Size | 23.57 AC |
| Price Per AC | $42,002.55 |
| Price | $990,000 |
| Price Per AC | $42,002.55 |
| Lot Size | 23.57 AC |
The lot is two parcels totaling 23.57 acres and located in Pike County. The land is rough graded and level. Active CN rail spur for 20-35 railcars depending on size of railcar
DESCRIPTION
The property is two parcels totaling 23.57 acres of land. The location provides proximity to the McComb Pike County Airport and Highway 55. With 1,369 feet of frontage on Highway 51, the property has great visibility. The property is zoned industrial. The active rail spur on the property provides ample distribution opportunities.
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DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
Houston
2,325,502
354
6 h 46 m
Dallas
1,345,047
450
8 h 14 m
Fort Worth
895,008
489
9 h 2 m
Nashville
669,053
499
9 h 9 m
Austin
964,254
516
9 h 42 m
San Antonio
1,532,233
559
10 h 15 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
34,544
Total Labor Force
13,494
Unemployment Rate
4.59%
Median Household Income
$35,892
Warehouse Employees
2,822
High School Education Or Higher
83.70%
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Zen Group
Highway 51 U.S. Highway 51
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