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624 Highway 487

Lena, MS 39094
  • $1,750,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 4068817
UPDATED: 47 min ago
$1,750,000
  • 0
    BEDS
  • 177
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:
Area:

School Ratings & Info

Description

If you're looking for a lucrative and potentially exciting investment opportunity, then stop and take a look at this! Here is your opportunity to take a piece of land that already has significant income, maximize the potential that this property presents, and make a great return on your money. This 177 acre tract is the site of the once famous Lena Dragway, aka Mississippi Motorsports Park, in Lena, MS. The asphalt drag strip is approximately 3/4 mile long and could easily be opened back up as a racetrack or converted into a runway for a personal airplane. Currently on the property there are 5 single wide manufactured homes, a house, a small apartment attached to the house and 5 units in the Grand Stand Building. These are rented out and bring in $8000/month gross per the owner. There is also a 25+ acre lake with a gazebo and a covered pier that would make a terrific recreational lake for an RV park or campground. There are multiple other structures on the property that could easily be converted into workshops, storage or more rentable facilities. The lay of this land really allows for you to use your imagination and turn it into a money making investment. The possibilities on this property are extraordinary and present you the potential opportunity of a lifetime! Don't miss out on this... Call today before it's too late!

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Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The CD Group | KW Elite Keller Williams Realty. Data last updated: 2024-02-23T23:57:54.39.
www.cdgroupusa.com/homes/146865888
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624 Highway 487 Lena, MS 39094

  • Price: $1,750,000
  • Status: Active
  • On Site: 31 Days
  • Updated: 47 min ago
  • MLS #: 4068817
0
Beds
0
Baths
0
½ Baths
177
Acres
County:
Leake
Area:
Lena
Property Description
If you're looking for a lucrative and potentially exciting investment opportunity, then stop and take a look at this! Here is your opportunity to take a piece of land that already has significant income, maximize the potential that this property presents, and make a great return on your money. This 177 acre tract is the site of the once famous Lena Dragway, aka Mississippi Motorsports Park, in Lena, MS. The asphalt drag strip is approximately 3/4 mile long and could easily be opened back up as a racetrack or converted into a runway for a personal airplane. Currently on the property there are 5 single wide manufactured homes, a house, a small apartment attached to the house and 5 units in the Grand Stand Building. These are rented out and bring in $8000/month gross per the owner. There is also a 25+ acre lake with a gazebo and a covered pier that would make a terrific recreational lake for an RV park or campground. There are multiple other structures on the property that could easily be converted into workshops, storage or more rentable facilities. The lay of this land really allows for you to use your imagination and turn it into a money making investment. The possibilities on this property are extraordinary and present you the potential opportunity of a lifetime! Don't miss out on this... Call today before it's too late!
Exterior Features

Fencing Partial Lot Features Few TreesLevel Road Frontage Type State Road Road Surface Type Asphalt Waterfront Yes Waterfront Features CreekLakePierWater Access

Interior Features

Other Structures Mobile HomeOutbuildingResidenceSecond GarageSecond ResidenceShed(s)StorageTenant HouseWorkshop Trees Wooded Partially Wooded Workshop Yes

Property Features

Additional Exemptions YN No Community Features Lake Covenants And Restrictions Unknown Covenants YN No Current Use HayHuntingInvestmentMulti-FamilyRecreational Divisible No Flood Insurance Required Subject to Survey Homestead YN No Leasehold YN No Location Rural Possible Use DevelopmentHuntingInvestmentManufactured HomeMobile HomeMulti-FamilyOtherPasturePoultryRecreationalResidentialSee RemarksSubdevelopmentVacant Price Includes DwellingLandOther Buildings Sewer Septic Tank Tax Annual Amount 8679.00 Tax Year 2022 Utilities Electricity ConnectedSewer Not AvailableWater Connected Water Source Community

Listing information © 2024 MLS United.
Listing provided courtesy of Adam Moore of Pursuit Properties, LLC: (601) 667-4007.



Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The CD Group | KW Elite Keller Williams Realty. Data last updated: 2024-02-23T23:57:54.39.
 
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The CD Group | KW Elite Keller Williams Realty
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