SHERI LIPSEY REAL ESTATE

3.7acres Spring/Gillespie/Green Streets, Starkville, MS 39759

$9,995,000
Property Type: Commercial Square Footage: 161,172 Lot Size (sq. ft.): 161,172 Status: Active
Current Price: $9,995,000 List Date: 6/06/2024 Last Modified: 2/26/2026

Description

Rare opportunity! 3.7 acres± in the center of Starkville, just down the street from Highway 12, the Cotton District, and the Mississippi State University campus. What a great location in Starkville, just named the ''Best Small Town in the South!'' Zoning is mostly T5-C, and some zoned TN-E. Excellent potential for redevelopment, subject to city guidelines. Currently on the property are multiple apartment structures and two houses. Owner 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. A portion of the property couldn't be sold until Summer 2027.

Supplements: Chateau Maroon, 512 Green St: 30 units, all 2-bed/1-bath University Apts, 302 Spring St: 16 units, all 2-bed/1-bath Fourplex, office, & shop bldg. at 521 & 523 E Gillespie St House 515 E Gillespie St: 2-bed/1-bath House 506 Green St: 3-bed/1-bath

More Information MLS# 24-1220

General Property Description

Lot Dimensions: 3.7acres Lot Acres: 3.7 Total SqFt.: 161172

Location, Tax and Other Information

Realtor.COM Type: Commercial Flood Zone: No

Sewer

Public Sewer: 1

Water

Public: 1

Contract Information

Current Price: $9,995,000 Begin Date: 2024-05-30 Status: Active List Price: $9,995,000

Location Tax and Other Information

Area: 21 - Central Business District House Number: 3.7acres Street Name: Spring/Gillespie/Green Streets State/Province: MS Postal Code: 39759 County: Oktibbeha Taxes: 2450.41 Tax Year: 2025 Subdivision: None Parcel Number: PPIN's 2035, 2103, 5011, 12073, 12612

Property Features

Sewer: Public Sewer Water: Public
Listing Office: FARMER COMMERCIAL PROPERTIES
Last Updated: February - 26 - 2026
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