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    Highway 589 Hattiesburg, MS 39402

    Sponsored
    For Sale
    $653,400

    6-Acre Commercial Land, High Traffic Area

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 6-acre commercial land parcel presents a prime investment opportunity in Hattiesburg, Mississippi. Located on Highway 589, just south of Highway 98, this property boasts over 400 feet of direct road frontage, ensuring high visibility and accessibility. The asking price is $653,400, translating to $108,900 per acre, a competitive price point compared to similar properties in the area. The property's strategic location offers significant advantages. It sits directly across Highway 589 from the new St. Fabian's Church under construction, and just south of a high-performing Dollar General store, known for its strong sales volume. This location is ideally suited to serve the growing residential communities of Bellegrass, Dandridge, Bent Creek, and other nearby subdivisions, creating a strong demand for various commercial services. The property's diverse zoning allows for a variety of commercial uses, including office, self-storage, retail, retail-pad, and hospitality establishments. The Lamar County location and its proximity to major roadways make this a highly desirable site for development and investment. The APN is 1063-23-038.000. This is a rare opportunity to acquire a well-positioned commercial land parcel with significant growth potential.

    Property Features for 0 Highway 589

    General Information

    Property type
    Individual retail properties
    Lot Size
    261,360 SF

    HighLights

    • 6‑acre commercial land parcel in Hattiesburg, MS, on Highway 589.
    • Excellent investment opportunity with high visibility and accessibility.
    • Over 400 feet of direct road frontage on Highway 589.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.469549
    Latitude
    31.295951

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    FAQs

    What type of property is this?
    Individual retail property - 6-Acre Commercial Land, High Traffic Area
    Where is this individual retail property located?
    The property is located at Highway 589 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $653,400.
    What are key features of this property?
    This property features: 6-acre commercial land parcel in Hattiesburg, MS, on Highway 589.; Excellent investment opportunity with high visibility and accessibility.; Over 400 feet of direct road frontage on Highway 589.
    (601) 606-1900
    Request Owner's contact information
    Highway 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
    Highway 589 Hattiesburg, MS 39402
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