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    Highway 589 Purvis, MS 39475

    For Sale
    $603,000

    4.61 Acres, Highway Frontage, Build-to-Suit

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 4.61-acre commercial land parcel presents a unique investment opportunity in Purvis, Mississippi. Strategically located on Highway 589, this property boasts 240 feet of highway frontage, experiencing a daily traffic volume of 4,800 vehicles. Its proximity to Interstate 59 (just 0.6 miles away) ensures excellent visibility and accessibility for any commercial venture. All utilities are conveniently located adjacent to the property, simplifying development and reducing infrastructure costs. The asking price is $603,000, translating to $130,803 per acre. This represents a compelling value proposition for developers seeking a prime location with high traffic counts. The seller is open to considering build-to-suit options, offering flexibility and potential customization for prospective buyers. This property's combination of location, size, and utility access makes it ideal for a wide range of commercial developments. The list price per square foot is $3.00. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial land offering. The property is situated in Lamar County, Mississippi, with the zip code 39475.

    Property Features for 0 Highway 589

    General Information

    Property type
    Land
    Lot Size
    200,812 SF

    HighLights

    • $603,000 asking price for 4.61 acres of commercial land.
    • $130,803 per acre land value.
    • High‑traffic location: 240 feet of highway frontage with 4,800 vehicles per day, 0.6 miles from I‑59.
    • All utilities available at the property line.
    • Build‑to‑suit option available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Purvis
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.4427714
    Latitude
    31.2092227

    Nearby Comparable

    • $450,000
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      Commercial Building on Highway 589

      Commercial building with acreage on a busy highway near Purvis.
      1212 Ms-589, Purvis, MS 39475
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    • $70,000

      Purvis Land: Build Your Dream Home

      Prime lot, ready to build, wooded area.
      79 Bates Ave, Purvis, MS 39475
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    • $70,000

      Build Your Dream Home in Purvis!

      Prime 15.85 sq ft lot, ready to build.
      79 Bates Ave, Purvis, MS 39475
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    • $140,000
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      Prime Lamar County Land Investment

      15.85 Acres in Purvis, MS
      000 Bates Ave, Purvis, MS 39475
      View Details

    Nearby Similar for Sale

    • $2,750,000
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      60,000 SF Industrial Building

      60,000 SF industrial building with office space for sale.
      43 Mangum Ln, Purvis, MS 39475
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    • $99,000
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      Office Property in Purvis, MS

      Commercial office property with potential in Purvis, Mississippi.
      120 Shelby Speights Dr, Purvis, MS 39475
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    • $199,900

      High-Traffic Corner Lot Investment

      Prime Lamar County commercial land, endless potential.
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    • $3,000,000
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      Lamar County Warehouse - Prime Location

      60,000 SF Warehouse, $50/SF, Vacant
      46 Mangum Ln, Purvis, MS 39475
      View Details

    FAQs

    What type of property is this?
    Land - 4.61 Acres, Highway Frontage, Build-to-Suit
    Where is this land located?
    The property is located at Highway 589 Purvis, MS.
    What is the asking price?
    The asking price for this property is $603,000.
    What are key features of this property?
    This property features: $603,000 asking price for 4.61 acres of commercial land.; $130,803 per acre land value.; High-traffic location: 240 feet of highway frontage with 4,800 vehicles per day, 0.6 miles from I-59.
    Request Owner's contact information
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    Purvis, MS 39475
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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 Purvis, MS 39475
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