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    Lincoln Road Ext Hattiesburg, MS 39402

    Sponsored
    For Sale
    $2,792,000

    Prime 32-acre residential development tract.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 32.06-acre parcel of land, located on Lincoln Rd Ext in Hattiesburg, Mississippi, presents a significant opportunity for residential development. The property boasts a desirable location within Forrest County, zip code 39402, and is zoned R-3 & B-3, allowing for a variety of residential construction possibilities, including single-family and multi-family dwellings. The land is priced at $2,792,000, translating to an attractive price per acre of $87,087. The expansive lot size offers considerable potential for a substantial project. The property's tax ID/APN is 055G-15-018.000. Its coordinates are 31.3079705 latitude and -89.3916707 longitude. This is a rare opportunity to acquire a large, well-situated tract of land in a growing Mississippi market, ideal for developers seeking to capitalize on the demand for new residential housing. Further details are available upon request.

    Property Features for 0 Lincoln Road Ext

    General Information

    Property type
    Multifamily properties
    Lot Size
    1,396,534 SF

    HighLights

    • 32.06‑acre land parcel.
    • Offered at $2,792,000.
    • Tax ID/APN: 055G‑15‑018.000
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3916707
    Latitude
    31.3079705

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    FAQs

    What type of property is this?
    Multifamily property - Prime 32-acre residential development tract.
    Where is this multifamily property located?
    The property is located at Lincoln Road Ext Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $2,792,000.
    What are key features of this property?
    This property features: 32.06-acre land parcel.; Offered at $2,792,000.; Tax ID/APN: 055G-15-018.000
    Request Owner's contact information
    Lincoln Road Ext Hattiesburg, MS 39402
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    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
    Lincoln Road Ext Hattiesburg, MS 39402
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