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    6633 Hwy 98 Hattiesburg, MS 39402

    Sponsored
    For Sale
    $1,700,000

    Prime Hattiesburg retail & multifamily opportunity.

    Property size:
    87,120 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.09-acre commercial property in Hattiesburg, Mississippi, presents a unique investment opportunity. Located on the prime side of Highway 98 West, the property boasts a total square footage of 87,120, encompassing a diverse range of existing structures. The site includes a substantial 7,000+ square foot home, a four-plex apartment building, and valuable retail frontage directly on Highway 98 West. The property is priced at $1,700,000, translating to $19.51 per square foot. The land itself is valued at $850,000 per acre. Adding to its appeal, the property features a picturesque lake setting and is partially covered in blueberry bushes. The current ownership is open to exploring build-to-suit options and ground leases, providing flexibility for potential buyers or tenants. This property offers significant potential for development and redevelopment, making it an attractive investment in a thriving Mississippi market. The property is situated in Lamar County, Mississippi, with the address 6633 Highway 98 West, Hattiesburg, MS 39402. This prime location offers excellent visibility and accessibility.

    Property Features for 6633 Hwy 98

    General Information

    Property type
    Multifamily properties
    Square Feet
    87,120 SF
    Lot Size
    91,040 SF

    HighLights

    • List Price: $19.51 per square foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Lamar
    State
    Mississippi
    Longitude
    -89.4264327
    Latitude
    31.3178184

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    FAQs

    What type of property is this?
    Multifamily property - Prime Hattiesburg retail & multifamily opportunity.
    Where is this multifamily property located?
    The property is located at 6633 Hwy 98 Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: List Price: $19.51 per square foot.; ;
    Request Owner's contact information
    6633 Hwy 98 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
    6633 Hwy 98 Hattiesburg, MS 39402
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