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    Highway 42 Petal, MS 39465

    For Sale
    $2,416,645

    75 Acres, Prime Petal Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional 74.57-acre commercial land parcel presents a remarkable investment opportunity in Petal, Mississippi. Ideally situated on Highway 42, this property boasts approximately 2,376 feet of highway frontage, ensuring high visibility and accessibility. Previously a golf course, the land is largely developable, offering numerous possibilities for commercial development. The asking price is $2,416,645, translating to $32,408 per acre. Its strategic location within the highly-rated Petal School District is a significant advantage, with Petal Primary School, Petal Elementary, Petal High School, and the Petal High School Athletics Complex all less than a mile away. The property's proximity to residential neighborhoods on multiple sides provides a built-in customer base. Furthermore, its convenient location, just 8.9 miles from Interstate 59, offers easy access to major transportation routes. This versatile tract is suitable for a wide range of commercial uses, including convenience stores, restaurants, office buildings, and retail establishments. The combination of prime location, ample acreage, and strong surrounding demographics makes this a truly exceptional investment opportunity. Don't miss the chance to acquire this highly desirable commercial land in a thriving Mississippi community.

    Property Features for 0 Highway 42

    General Information

    Property type
    Land
    Lot Size
    3,248,269 SF

    HighLights

    • 74.57‑acre commercial land parcel in Petal, MS, ideal for various commercial uses.
    • Approx. 2,376 ft. of Hwy. 42 frontage.
    • Located in the top‑ranked Petal School District, less than one mile from several schools.
    • Adjacent to residential neighborhoods.
    • 8.9 miles from I‑59.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Petal
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.1740122
    Latitude
    31.3521493

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    FAQs

    What type of property is this?
    Land - 75 Acres, Prime Petal Location
    Where is this land located?
    The property is located at Highway 42 Petal, MS.
    What is the asking price?
    The asking price for this property is $2,416,645.
    What are key features of this property?
    This property features: 74.57-acre commercial land parcel in Petal, MS, ideal for various commercial uses.; Approx. 2,376 ft. of Hwy. 42 frontage.; Located in the top-ranked Petal School District, less than one mile from several schools.
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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
    Highway 42 Petal, MS 39465
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