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    2949 Ms-589 Hattiesburg, MS 39402

    For Sale
    $3,561,000

    Prime Hattiesburg development land, Hwy 98 & 589.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 5.45-acre commercial land parcel presents a unique investment opportunity in Hattiesburg, Mississippi. Strategically located at the intersection of Highways 98 and 589 in the rapidly growing Bellevue area, this Class A property boasts a prime corner location ideal for a diverse range of commercial developments. Permitted zoning allows for retail, office, and medical uses, catering to the increasing demand for services in this thriving community. The site's high visibility and accessibility make it exceptionally attractive to both local and national developers. This is the last remaining undeveloped parcel at this key intersection, with three adjacent corners already developed. The asking price is $3,561,000, translating to $653,394 per acre. The property's APN is 106C-14-068.00. While the owner is open to considering land splits, potential buyers should note that the price per square foot may be subject to change depending on the division. This presents a rare chance to secure a significant foothold in a burgeoning market. Detailed information and site plans are available upon request. The property is located at 2949 MS-589, Hattiesburg, MS 39402, in Lamar County.

    Property Features for 2949 Ms-589

    General Information

    Property type
    Land
    Class
    A
    Lot Size
    237,402 SF

    HighLights

    • 5.45‑acre commercial land parcel in Hattiesburg, MS.
    • Prime corner location at Highways 98 & 589 in the Bellevue area.
    • Class A zoning allows retail, office, and medical uses.
    • Asking price: $3,561,000 ($653,394/acre).
    • APN: 106C‑14‑068.00.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.471715059437
    Latitude
    31.310961167982

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    FAQs

    What type of property is this?
    Land - Prime Hattiesburg development land, Hwy 98 & 589.
    Where is this land located?
    The property is located at 2949 Ms-589 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $3,561,000.
    What are key features of this property?
    This property features: 5.45-acre commercial land parcel in Hattiesburg, MS.; Prime corner location at Highways 98 & 589 in the Bellevue area.; Class A zoning allows retail, office, and medical uses.
    (601) 606-1900
    Request Owner's contact information
    2949 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
    2949 Ms-589 Hattiesburg, MS 39402
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