Search Land - 5± Acres in Madison County with Special Purpose Investment Property in Flora, MS (Former Flora Elementary School)
5± Acres in Madison County with Special Purpose Investment Property in Flora, MS (Former Flora Elementary School)
$1,332,000|Listed: May 27, 2025
MLS#1262022
117 NW Fourth Street, Flora, Madison County, Mississippi
Status:Active
Property Type
- Acreage
- Commercial Acreage
Acreage
5 acres
County
Madison, Mississippi
Format
Sale
Features
- Electricity
- Rural Water
- Development Potential
Description
Welcome to a rare development opportunity in the heart of Flora, MS. This 5.0± acre property within the city limits offers historic charm with modern potential. The property's main feature is a stately, 14,044 square foot school with solid brick walls. Also included is a 5,300 square foot theater with a large stage and supporting amenities, a fully equipped 4,800 square foot cafeteria, and two tennis courts.
With its architectural significance and timeless character, the property may qualify for Federal and State Historical tax credits. The property lies within the new Flora Station well-positioned for various transformative projects—from upscale residential conversions to mixed-use developments. Recent investments in Flora, including Entergy Mississippi's $30 million project and the Amazon/Megasite facility, underscore the area's growth and development potential.
The location offers excellent visibility and accessibility, with frontage on Fourth Street and Jackson Street. As part of the Madison County School District and with city water and sewer services available, the groundwork for future development is already in place.
Flora’s comprehensive plan encourages the kind of adaptive reuse this site makes
possible — preserving the past while embracing progress. Let your vision come to life here in Madison County. Contact Tom today to view this historic and highly versatile property.
Listing Agent

Tom Smith
Co-Op Member Owner
Tom Smith Land and Homes, LLC
Madison, Mississippi
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