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    Classic Dr Hattiesburg, MS 39402

    Sponsored
    For Sale
    $2,700,000

    32.87 Acres, B-5 Zoning, Opportunity Zone

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 32.87-acre commercial and light industrial land parcel presents a unique investment opportunity in Hattiesburg, Mississippi. Located within the city limits and designated as both a New Market Tax Credit and Opportunity Zone property, this site offers significant tax advantages. The B-5 zoning allows for a variety of development options. Conveniently situated near numerous hotels, restaurants, the Hattiesburg Convention Center, a country club, and The University of Southern Mississippi, this property benefits from excellent access to amenities and a strong local infrastructure. The property's proximity to the University of Southern Mississippi's Innovation and Commercialization Park, home to The Accelerator and the Mississippi Polymer Institute, further enhances its potential. The owner is open to dividing the land and considering build-to-suit proposals, offering flexibility for potential buyers. The APN is 2-025I-36-014.00 / 2-025I-36-017.00. The asking price is $2,700,000. This prime location and flexible development options make this a compelling investment for discerning buyers.

    Property Features for 0 Classic Dr

    General Information

    Property type
    Land
    Lot Size
    1,431,817 SF

    HighLights

    • $2,700,000 asking price.
    • 32.87‑acre commercial/industrial land parcel.
    • B‑5 zoning.
    • Located in Hattiesburg, MS, within a designated Opportunity Zone and New Market Tax Credit area.
    • Convenient access to city amenities, Hattiesburg Convention Center, and University of Southern Mississippi.
    • Owner will consider dividing the parcel and build‑to‑suit options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.35434113
    Latitude
    31.35679504

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    FAQs

    What type of property is this?
    Land - 32.87 Acres, B-5 Zoning, Opportunity Zone
    Where is this land located?
    The property is located at Classic Dr Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: $2,700,000 asking price.; 32.87-acre commercial/industrial land parcel.; B-5 zoning.
    Request Owner's contact information
    Classic Dr 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
    Classic Dr Hattiesburg, MS 39402
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