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    29 Rivers Dr Hattiesburg, MS 39401

    Sponsored
    For Sale
    $285,000

    Prime Hattiesburg Office Space, 42,253 SF

    Property size:
    42,253 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A commercial property, located at 29 Rivers Dr in Hattiesburg, Mississippi, presents a unique investment opportunity. The single-story, 42,253 square foot building, constructed in 2020, sits on a 16.52-acre lot and offers versatile space ideal for a variety of uses, including executive offices, retail, or restaurants. The asking price is $285,000, translating to $6.70 per square foot. The land itself offers significant value at $6.75 per square foot. The property boasts 24 parking spaces and benefits from its strategic location, just 2.4 miles from I-59, in a thriving market with high visibility. With 16,000 vehicles passing daily, this 0.97-acre parcel provides excellent frontage on Evelyn Gandy Parkway, adjacent to existing restaurants, retail, and office spaces. The property's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area. This is a single-tenancy building offering significant potential for growth and return on investment. The property is zoned for commercial use and offers many options for development and expansion. The five remaining parcels in this area present additional investment opportunities.

    Property Features for 29 Rivers Dr

    General Information

    Property type
    Land
    Square Feet
    42,253 SF
    Class
    A
    Lot Size
    719,611 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    1

    HighLights

    • Versatile commercial property suitable for convenience store, restaurant, office, or retail use.
    • Five remaining parcels in a high‑growth area, 2.4 miles from I‑59.
    • 0.97‑acre lot with Evelyn Gandy Parkway frontage.
    • Excellent location near existing restaurants, retail, and office buildings.
    • High traffic count of 16,000 vehicles per day (VPD).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Auto Repair Shop Discount Store Steakhouse

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

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2949218
    Latitude
    31.3587875

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    FAQs

    What type of property is this?
    Land - Prime Hattiesburg Office Space, 42,253 SF
    Where is this land located?
    The property is located at 29 Rivers Dr Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $285,000.
    What are key features of this property?
    This property features: Versatile commercial property suitable for convenience store, restaurant, office, or retail use.; Five remaining parcels in a high-growth area, 2.4 miles from I-59.; 0.97-acre lot with Evelyn Gandy Parkway frontage.
    Request Owner's contact information
    29 Rivers Dr Hattiesburg, MS 39401
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    Hattiesburg, MS 39401
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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
    29 Rivers Dr Hattiesburg, MS 39401
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