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    Lamar Blvd Hattiesburg, MS 39402

    Sponsored
    For Sale
    $4,439,853

    22+ Acres, Prime Business District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 22.65-acre parcel in Hattiesburg, Mississippi, presents a remarkable commercial development opportunity. Located within the city limits, on Lamar Boulevard near Regions Bank and Petro Nissan, this property enjoys a prime position in Hattiesburg's Regional Business District. Zoned B-5, it's ideally suited for Class A business development. The site boasts approximately 1,000 feet of road frontage, providing excellent visibility and accessibility to Highway 98 and Lincoln Road Extension. The City of Hattiesburg's planned improvements include Lamar Boulevard resurfacing and a new traffic light at Lincoln Road Extension, further enhancing the property's value and appeal. Existing infrastructure is robust, featuring 3-phase power from Pearl River Valley Electric, a 4" water main from North Lamar Water Association, an 8" water main from the City of Hattiesburg, and city sewer services. High-speed internet is readily available from multiple providers. A portion of the site is already prepared with 24" and 30" underground drainage ducts leading to an on-site retention pond. A completed wetlands study and development plans for a business park are available. Additional acreage is available on the east side of Lamar Boulevard. This property is priced at $4,439,853. The location and infrastructure make this a truly unique investment opportunity.

    Property Features for 0 Lamar Blvd

    General Information

    Property type
    Land
    Lot Size
    986,634 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3938445
    Latitude
    31.315155

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    FAQs

    What type of property is this?
    Land - 22+ Acres, Prime Business District
    Where is this land located?
    The property is located at Lamar Blvd Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $4,439,853.
    Request Owner's contact information
    Lamar Blvd 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
    Lamar Blvd Hattiesburg, MS 39402
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