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Property Overview:
Oxford multi-family development opportunity along Old Taylor Rd in Oxford, MS & Ole Miss spanning 3.21 acres, this site boasts approved building designs for two architecturally appealing multi-level buildings with a total of 85 units and 125 bedrooms, plus commercial space and top-tier amenities.
With a location just 1.2 miles from the University of Mississippi campus, Vaught Hemingway Stadium, Swazye Field, the Grove and downtown Oxford, this property is minutes away from the University and town activities.
The pre-leasing market trend is exceptional, with a 61.5% pre-leasing rate in February 2024 - significantly above the previous year.
The University of Mississippi is leading the way with double-digit rent growth and rapid leasing of multi-family units.
Don't miss out on being part of this thriving market!
**The price includes the 3.21 +/- Acre site with parking lot and the designed and approved plans. Final Construction Drawings are required for final approval and permitting.
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