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    Hattiesburg, MS 39401

    For Lease
    $5 SF/Yr ($7,804 /Mo)

    Prime Hattiesburg land, ideal for development.

    Lot size:
    18,731 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 0.43-acre commercial land parcel is strategically located in Hattiesburg, Mississippi, at the intersection of South 28th Avenue and Augusta Avenue. The property boasts a total buildable area of 18,731 square feet, presenting a significant opportunity for developers seeking a prime location for commercial construction. Its convenient location places it north of Forrest General Hospital and south of the University of Southern Mississippi campus, ensuring high visibility and accessibility. The property's single-tenant designation offers flexibility in development plans, allowing for a tailored approach to suit specific business needs. The suggested price reflects the value of the ground lease, making this an attractive investment opportunity. The property's APN is 2-028O-08-295.00, and it is situated within Forrest County, Mississippi, with a zip code of 39401. This location offers excellent access to major transportation routes and a thriving local community. The property's size and location make it suitable for a variety of commercial uses, from retail spaces to medical offices or other commercial ventures. Serious inquiries are encouraged to explore the potential of this exceptional Hattiesburg property.

    Property Features for 0

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,731 SF
    Total Rate
    7804.58

    Unit(s) available at that property

    Space
    Available space
    Size
    18,731 SF
    Rate per SF
    $5
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.3322684
    Latitude
    31.3187059

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    FAQs

    What type of property is this?
    Land - Prime Hattiesburg land, ideal for development.
    Where is this land located?
    The property is located at Hattiesburg, MS.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
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    Hattiesburg, MS 39401
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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
    Hattiesburg, MS 39401
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