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2952 Ms-589 Hattiesburg, MS 39402

For Sale
$2,750,000

7 Acres, Hwy 589 Frontage

Description

Added:
Dec 11, 2024
Days on Market:
365
This exceptional 7-acre commercial land parcel in Hattiesburg, Mississippi, presents a remarkable investment opportunity. Located on MS-589, the property boasts 600 feet of road frontage on Hwy 589 and an additional 350 feet of frontage on Country Lane, offering versatile access options. Currently improved with a residential home and shop/office building, the highest and best use is clearly commercial development. Its strategic location near a medical complex and bank ensures high demand and potential for strong rental income. The property's proximity to Hwy 98 further enhances its accessibility and visibility. An adjacent 1.8-acre parcel is also available, adding another 300 feet of Hwy 589 frontage, expanding development potential. The Lamar County location, with a 39402 zip code, offers a stable market for commercial ventures. The APN is 1062-14-020.0002 - 1062-14-019.000. This prime location offers diverse revenue streams, potential for appreciation, and resilience to economic downturns, making it an attractive investment for long-term growth. The asking price is $2,750,000.

Property Features for 2952 Ms-589

General Information

Property type
Land
Lot Size
304,920 SF

HighLights

  • 1. Excellent location near a medical complex and bank, ensuring high occupancy and consistent rental income.
  • 2. Stable tenant base of medical professionals and financial institutions minimizes vacancy risk.
  • 3. Diverse income streams from various tenants, including medical offices and bank branches.
  • 4. High demand for properties near medical facilities and banks, facilitating tenant acquisition and retention.
  • 5. Strong potential for property appreciation, particularly in growing areas.
  • 6. Value‑add opportunities through renovations or repositioning to meet market demands.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Hattiesburg
County
Lamar
State
Mississippi
Longitude
-89.4704145
Latitude
31.3081713

FAQs

What type of property is this?
Land - 7 Acres, Hwy 589 Frontage
Where is this land 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.
What are key features of this property?
This property features: 1. Excellent location near a medical complex and bank, ensuring high occupancy and consistent rental income.; 2. Stable tenant base of medical professionals and financial institutions minimizes vacancy risk.; 3. Diverse income streams from various tenants, including medical offices and bank branches.
More about this property
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