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    2789 Oak Grove Rd Hattiesburg, MS 39402

    For Sale
    Contact for pricing

    Prime Commercial Land, Excellent Financing Options

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 22-acre commercial land parcel presents a unique investment opportunity in Hattiesburg, Mississippi. Situated at 2789 Oak Grove Rd, in Lamar County, zip code 39402 (31.300717, -89.377961), this property offers significant potential for various commercial developments. The seller is motivated and is willing to consider financing options for qualified buyers, requiring a 10% down payment. This flexibility makes this property accessible to a wider range of investors. Furthermore, the seller is open to negotiations regarding the potential sale of a portion of the land, specifically the corner lot. The expansive acreage provides ample space for a variety of projects, from large-scale retail developments to industrial facilities or other commercial ventures. The property's location in Hattiesburg offers convenient access to major transportation routes and a thriving local economy. This is a rare opportunity to acquire a substantial tract of commercial land in a desirable location with attractive financing terms. Serious inquiries are encouraged to explore this promising investment opportunity further. The precise acreage is 21.04 acres, with the seller open to negotiations on a smaller parcel.

    Property Features for 2789 Oak Grove Rd

    General Information

    Property type
    Land
    Lot Size
    958,320 SF

    HighLights

    • 22‑acre commercial land parcel in Hattiesburg, MS.
    • Located at 2789 Oak Grove Rd, Lamar County, MS 39402.
    • Seller financing available with 10% down payment for qualified buyers.
    • Seller may consider subdividing the property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.377961
    Latitude
    31.300717

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    FAQs

    What type of property is this?
    Land - Prime Commercial Land, Excellent Financing Options
    Where is this land located?
    The property is located at 2789 Oak Grove Rd Hattiesburg, MS.
    What are key features of this property?
    This property features: 22-acre commercial land parcel in Hattiesburg, MS.; Located at 2789 Oak Grove Rd, Lamar County, MS 39402.; Seller financing available with 10% down payment for qualified buyers.
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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
    2789 Oak Grove Rd Hattiesburg, MS 39402
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