624 Highway 487 Lena, MS 39094
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!
- Property TypeLand
- NeighborhoodMetes And Bounds
- CountyLeake
- Taxes$8,679
- HOA/Condo/Coop Fees$0
- Days on Site32 Days
- MLS StatusActive
- MLS ID Number4068817
- Home Size Source N/A
- Year BuiltN/A
- Lot Size177 Acres
- Full BathsN/A
- Partial BathsN/A
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