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    Oak Grove Rd Hattiesburg, MS 39402

    Sponsored
    For Lease
    $1.00 SF/Yr ($2,504 /Mo)

    Prime Retail Pad, Forrest County

    Lot size:
    30,056 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.69-acre commercial land parcel, located on Oak Grove Road in Forrest County, presents a unique investment opportunity. The property boasts a substantial 30,056 square feet of land, ideally suited for a single-tenant retail development. Its dimensions measure 150 feet by 200 feet, offering ample space for construction and potential expansion. The property is designated as a commercial retail pad, making it particularly attractive for businesses seeking high visibility and convenient access. The site is situated outside of the city limits, providing a distinct advantage for certain types of businesses. This is a ground lease opportunity, and the sale is by negotiation, allowing for flexibility in pricing and terms. The property's size and location make it an excellent choice for developers and investors seeking a strategic foothold in a growing market. Serious inquiries are encouraged to explore the potential of this exceptional commercial land parcel. All interested parties should be prepared to discuss terms and conditions of a potential sale. The property is ready for immediate development, offering a streamlined path to occupancy. This is a rare opportunity to acquire a significant commercial land parcel in a desirable location.

    Property Features for 0 Oak Grove Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,056 SF
    Total Rate
    2504.67

    Unit(s) available at that property

    Space
    Available Space
    Size
    30,056 SF
    Rate per SF
    $1.00

    HighLights

    • 0.69‑acre commercial land parcel in Forrest County.
    • Single‑tenant retail pad site.
    • 30,056 square feet of land.
    • Ground lease available; sale by negotiation.
    • Lot dimensions: 150' x 200'.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3763732
    Latitude
    31.3031633

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    FAQs

    What type of property is this?
    Individual retail property - Prime Retail Pad, Forrest County
    Where is this individual retail property located?
    The property is located at Oak Grove Rd Hattiesburg, MS.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: 0.69-acre commercial land parcel in Forrest County.; Single-tenant retail pad site.; 30,056 square feet of land.
    Request Owner's contact information
    Oak Grove Rd 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
    Oak Grove Rd Hattiesburg, MS 39402
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