$499,000
Hwy 51 And Papermill Rd 3.5 AcresGrenada, MS 38901
Hospitality property (from the listing description) · Hotel or motel · MLS 11598630 · Listed 370 days ago (Oct 30, 2025)
Active: Listed and available according to the MyStateMLS feed.
About this property
3.5 AC Prime Commercial - Hotel, Resturant, Mixed-Use, Retail... Prime Commercial Land in Grenada, MS - Highway Frontage! An exceptional opportunity for development! This expansive 3.5-acre commercial property is strategically located with prime visibility from Interstate 55 to the west and direct access along Hwy 51 and Papermill Road. Perfect for companies looking to capitalize on high-traffic areas, this property offers a wealth of possibilities for growth and expansion. Don't miss your chance to secure a key piece of commercial real estate in a prime Grenada location! North Grenada Exit at Papermill Rd.. Strong Employment Growth- The city has experienced a marked increase in employment, with 900 new jobs not yet announced and other local companies relocating up to 1,800 employees to Grenada. Grenada has also benefited from industrial developments of $550+ million along with several million in federal grants and state tax credits for the local economy. The Property benefits from the intersection of Interstate 55 (19,404K+ VPD) Development incentives may also be available from the City of Grenada. Water and Sewer Available at the Site..
Description provided by the listing brokerage.
Key facts
- Asking price
- $499,000
- Original list price
- $850,000
- Status
- For sale
- Property type
- HospitalityFrom the listing description
- Land area
- 3.5 acresSource field LotSizeAcres
- MLS number
- 11598630
Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.
Price
- Asking price
- $499,000
Building and site
- Reported zoning
- CommercialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
- County
- Grenada County
Location
The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Grenada or hospitality property in Grenada.
Why this listing is on Commercial Only
- Property type as the listing describes it. (description: "3.5 ac prime commercial - hotel, resturant, mixed-use, retail")
- MLS property class detail. (PropertyTypeDetail: commercial)
How listings qualify. Something wrong? Report it.
Price and status history
- Original list price reported by the brokerage: $850,000
Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.
Guides
Listing courtesy of Coltmor Realty Co.. Listing agent: Chris Reed. Listings provided by MyStateMLS.
Listing last modified at the source Jun 16, 2026, 1:28 AM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 7:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.