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    853 Richburg Rd Hattiesburg, MS 39402

    Sponsored
    For Lease
    Contact for pricing

    4.09 Acres, Build-to-Suit Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.09-acre commercial land parcel in Hattiesburg, Mississippi, presents a unique investment opportunity. Located at 853 Richburg Rd, Lamar County, zip code 39402 (31.2811406, -89.3565213), this single-tenant property is zoned for commercial use, including built-to-suit, hospitality, and mobile home park developments. The site offers significant flexibility for various commercial ventures. The property is currently vacant, allowing for complete customization to meet specific business needs. The seller is open to exploring various transaction structures, including a ground lease, joint venture, or outright sale of the entire parcel or a portion thereof. The suggested lease rate ranges from $4 to $8 per square foot, contingent upon the specifics of the proposed lease agreement. This property is part of a larger parcel, offering potential for expansion or development of adjacent land. This prime location in Hattiesburg provides excellent access to major transportation routes and a thriving local economy. Serious inquiries are encouraged to discuss the various development possibilities and explore the potential of this versatile commercial land offering. The property is ready for immediate development, making it an attractive option for investors seeking a high-return opportunity in a desirable location.

    Property Features for 853 Richburg Rd

    General Information

    Property type
    Multifamily properties
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Restaurant Kitchen & Bath Storage Facility Electrical Service Daycare Center Computer & Electronic Repair Tailor Shop Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.3565213
    Latitude
    31.2811406

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    FAQs

    What type of property is this?
    Multifamily property - 4.09 Acres, Build-to-Suit Potential
    Where is this multifamily property located?
    The property is located at 853 Richburg Rd Hattiesburg, MS.
    Request Owner's contact information
    853 Richburg Rd 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
    853 Richburg Rd Hattiesburg, MS 39402
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