# Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901 > **TL;DR:** land, $499,000. Est. $2,669/mo. Listed 509 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $499,000 | | Lot Size | 152,460 sqft (3.50 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 509 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,523 | | Estimated Insurance | $146 | | **Total** | **$2,669** | ## Property Highlights - 3.50 acre lot ## Description ### Agent Description 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.. ## Location - **Address:** Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901 - **County:** Grenada - **Coordinates:** 33.818202, -89.831986 - **Google Maps:** https://www.google.com/maps?q=33.818202,-89.831986 ## Listing Agent - **Name:** Chris Reed - **Brokerage:** Coltmor Realty Co. - **Broker Phone:** 662-229-7003 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Highway-51_Grenada_MS_38901_M92907-88950?f=listhub&s=NYSMLS&m=11513857&c=propsimple) ## Photos ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 1](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3379251681r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 2](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f287172325r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 3](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f496767711r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 4](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f984845896r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 5](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1383977341r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 6](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3995555793r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 7](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f122766122r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 8](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f625978794r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 9](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f302686300r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 10](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1864835036r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 11](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1692393647r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 12](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2679885542r.jpg) ![Hwy 51 and Papermill Rd 3.5 Acres - Photo 13](http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2655929324r.jpg) --- **MLS#:** 11513857 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#listing", "url": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374", "name": "Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901", "description": "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..", "image": [ "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3379251681r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f287172325r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f496767711r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f984845896r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1383977341r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3995555793r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f122766122r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f625978794r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f302686300r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1864835036r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1692393647r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2679885542r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2655929324r.jpg" ], "primaryImageOfPage": { "@type": "ImageObject", "url": "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3379251681r.jpg", "caption": "Hwy 51 and Papermill Rd 3.5 Acres - Grenada, MS" }, "datePosted": "2025-06-11", "dateModified": "2026-10-20T20:16:41.433Z", "mainEntity": { "@type": "Place", "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#property", "name": "Hwy 51 and Papermill Rd 3.5 Acres, Grenada, MS 38901", "address": { "@type": "PostalAddress", "streetAddress": "Hwy 51 and Papermill Rd 3.5 Acres", "addressLocality": "Grenada", "addressRegion": "MS", "postalCode": "38901", "addressCountry": "US" }, "geo": { "@type": "GeoCoordinates", "latitude": 33.818202, "longitude": -89.831986 }, "image": [ "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3379251681r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f287172325r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f496767711r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f984845896r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1383977341r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f3995555793r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f122766122r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f625978794r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f302686300r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1864835036r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f1692393647r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2679885542r.jpg", "http://lh.rdcpix.com/47f3c0c7fe72013157e71a33f5794fa9l-f2655929324r.jpg" ], "identifier": { "@type": "PropertyValue", "propertyID": "MLS", "value": "11513857" }, "additionalProperty": [ { "@type": "PropertyValue", "name": "Lot Size", "value": "3.50 acres" }, { "@type": "PropertyValue", "name": "Property Subtype", "value": "Other" }, { "@type": "PropertyValue", "name": "Property Type", "value": "Land" } ] }, "offers": { "@type": "Offer", "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#offer", "url": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374", "price": 499000, "priceCurrency": "USD", "businessFunction": "http://purl.org/goodrelations/v1#Sell", "availability": "https://schema.org/InStock", "seller": { "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#agent" } }, "provider": { "@type": "Person", "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#agent", "name": "Chris Reed", "worksFor": { "@type": "Organization", "@id": "https://staging.propertysimple.ai/listing/hwy-51-and-papermill-rd-3-5-acres-grenada-ms-38901-ee1bacbf0f3d4d55855f0d33a0ae3374#brokerage", "name": "Coltmor Realty Co.", "telephone": "662-229-7003" } } } ```