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    2952 Ms-589 Hattiesburg, MS 39402

    Sponsored
    For Sale
    $2,750,000

    High-Visibility Hwy 589 Commercial Land

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional 1.8+ acre property in Hattiesburg, MS, presents a prime commercial development opportunity. Currently configured as a residential home with a detached shop/office building, its true potential lies in its strategic location and significant road frontage. Boasting 600 feet of frontage on Highway 589 and an additional 350 feet on Country Lane, providing potential for dual access points, this site offers unparalleled visibility and accessibility. The property's proximity to Highway 98 further enhances its commercial viability. The existing structures, while currently residential and commercial, can be repurposed or removed to accommodate a wide range of commercial uses. The substantial road frontage, combined with the available 1.8+ acres, allows for ample space for development, parking, and landscaping. This location is ideal for businesses seeking high visibility and convenient access to major transportation routes. The potential for significant return on investment makes this a truly exceptional opportunity for commercial developers and investors seeking a strategic location in a growing market. The adjacent 1.8+ acres offers an additional 300 feet of Highway 589 frontage, expanding the development possibilities even further. This property is priced at $2,750,000.

    Property Features for 2952 Ms-589

    General Information

    Property type
    Other commercial real estate
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.47045
    Latitude
    31.30815

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    FAQs

    What type of property is this?
    Commercial real estate - High-Visibility Hwy 589 Commercial Land
    Where is this commercial real estate located?
    The property is located at 2952 Ms-589 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $2,750,000.
    (601) 550-3359
    Request Owner's contact information
    2952 Ms-589 Hattiesburg, MS 39402
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2952 Ms-589 Hattiesburg, MS 39402
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