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    2970 Ms-589 Hattiesburg, MS 39402

    For Sale
    $7,461,000

    Prime commercial land, ideal for mixed-use development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 81-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Lamar County, Mississippi. Strategically located at the intersection of Highway 98 and Highway 589 in West Hattiesburg, this property offers unparalleled potential for diverse development. The permitted commercial zoning allows for a wide range of uses, including retail, office (medical and service-oriented), and townhomes, aligning perfectly with the community's vision for the area. This site is unmatched in its proximity to the major intersection of Highway 98 and Highway 589, providing excellent visibility and accessibility. Lamar County's consistent ranking as the second fastest-growing county in Mississippi underscores the significant demand for new services and development in this area. The property's size and zoning flexibility make it suitable for a variety of projects, from large-scale commercial developments to smaller, mixed-use projects. The seller is open to considering subdividing the property to accommodate specific development plans. Detailed flyers and a video showcasing the property's potential uses are available upon request. The asking price is $7,461,000, translating to $2.11 per square foot of land value. The property's APN is 1062-14-016.00. This is a rare opportunity to acquire a premier development site in a thriving market.

    Property Features for 2970 Ms-589

    General Information

    Property type
    Land

    HighLights

    • $7,461,000 asking price.
    • 81‑acre commercial land parcel in Hattiesburg, MS.
    • Located at the intersection of MS‑98 and MS‑589, offering high visibility.
    • Zoned for commercial development, including retail, office, and residential (townhomes).
    • Land value: $2.11/SF.
    • APN: 1062‑14‑016.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.471398744266
    Latitude
    31.309458785383

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    FAQs

    What type of property is this?
    Land - Prime commercial land, ideal for mixed-use development.
    Where is this land located?
    The property is located at 2970 Ms-589 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $7,461,000.
    What are key features of this property?
    This property features: $7,461,000 asking price.; 81-acre commercial land parcel in Hattiesburg, MS.; Located at the intersection of MS-98 and MS-589, offering high visibility.
    (601) 606-1900
    Request Owner's contact information
    2970 Ms-589 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
    2970 Ms-589 Hattiesburg, MS 39402
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