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    98 Lamar Blvd Hattiesburg, MS 39402

    For Sale
    Contact for pricing

    Prime Commercial Land, Hwy 98, MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional commercial land opportunity is part of the burgeoning Hattiesburg Marketplace development in rapidly expanding West Hattiesburg. Strategically located at the intersection of Lamar Boulevard and Highway 98, this property sits on the city's main retail corridor, boasting excellent visibility to the 36,000 vehicles passing daily on Highway 98. The site offers a range of options for developers, including land purchase, ground lease, or build-to-suit opportunities. The property's zoning is B-5, allowing for a variety of commercial uses. Lot sizes range from 1 to 14 acres, providing flexibility for various project scales. This prime location benefits from its proximity to significant anchors already under construction or contract, including Starbucks, Golden Chick, two additional retail anchors, and another quick-service restaurant. Furthermore, the property enjoys exceptional access to a strong consumer base, with the University of Southern Mississippi (13,110 students enrolled in Fall 2023) located within three miles and Regions Bank's substantial 60,000 square-foot mortgage operations center less than one mile away. This presents a unique chance to be part of a thriving commercial hub in a high-growth area of Mississippi. The address is Hwy 98 Lamar Blvd, Hattiesburg, MS 39402, in Forrest County.

    Property Features for 98 Lamar Blvd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • Join the new Hattiesburg Marketplace development in rapidly expanding West Hattiesburg.
    • Hattiesburg Marketplace sits at the intersection of Lamar Boulevard and Hwy 98, Hattiesburg's primary retail thoroughfare.
    • Starbucks and Golden Chick are under construction; two additional retail anchors and a quick‑service restaurant are under contract.
    • Land is available for purchase, ground lease, or build‑to‑suit opportunities.
    • High visibility to 36,000 vehicles per day on Hwy 98.
    • University of Southern Mississippi (13,110 students, Fall 2023) is within 3 miles.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.394132
    Latitude
    31.3198019

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Hwy 98, MS
    Where is this land located?
    The property is located at 98 Lamar Blvd Hattiesburg, MS.
    What are key features of this property?
    This property features: Join the new Hattiesburg Marketplace development in rapidly expanding West Hattiesburg.; Hattiesburg Marketplace sits at the intersection of Lamar Boulevard and Hwy 98, Hattiesburg's primary retail thoroughfare.; Starbucks and Golden Chick are under construction; two additional retail anchors and a quick-service restaurant are under contract.
    Request Owner's contact information
    98 Lamar Blvd 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
    98 Lamar Blvd Hattiesburg, MS 39402
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