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    Evelyn Gandy Pkwy Petal, MS 39401

    For Sale
    $983,000

    Hattiesburg commercial land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 4.51-acre commercial land parcel in Petal, Mississippi, presents a unique investment opportunity. Strategically located on Evelyn Gandy Parkway in Forrest County, zip code 39401, this property boasts high visibility between FedEx and the former Leaf River Sports location. Originally encompassing 10 acres, a 0.45-acre portion on the east property line was previously sold, leaving the current 4.51 acres available. The property offers a 30.02-foot width and extends in length, with secured access rights to a planned frontage road connecting FedEx to the property's east corner. This planned road significantly enhances accessibility and visibility. The land is priced at $983,000, translating to $217,960 per acre. Development options are flexible, accommodating sale, lease, or build-to-suit arrangements. The property is also divisible, allowing for tailored acquisitions to meet specific needs. While a portion was sold in November 2022, the remaining land presents a compelling opportunity for immediate development or future investment. The list price per square foot is $5.00. Don't miss this chance to secure a prime commercial location in a rapidly growing area.

    Property Features for 0 Evelyn Gandy Pkwy

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • List Price: $5.00 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2759473
    Latitude
    31.3595395

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    FAQs

    What type of property is this?
    Land - Hattiesburg commercial land, ideal for development.
    Where is this land located?
    The property is located at Evelyn Gandy Pkwy Petal, MS.
    What is the asking price?
    The asking price for this property is $983,000.
    What are key features of this property?
    This property features: List Price: $5.00 per square foot.; ;
    Request Owner's contact information
    Evelyn Gandy Pkwy Petal, MS 39401
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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
    Evelyn Gandy Pkwy Petal, MS 39401
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