Property profile

7462 Us-98 Sumrall, MS 39482

OFF-MARKET
Land
14.8 ac lot
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Property summary

AI-generated overview

This exceptional 14.8-acre commercial land parcel is strategically located at 7462 US-98, Sumrall, MS 39482, in Lamar County. Boasting over 300 feet of frontage on Highway 98 West at JM Burge Road, this property presents a compelling investment opportunity with diverse development potential. The permitted Commercial zoning allows for a wide range of uses, including subdivision, senior living facilities, self-storage units, or retail establishments. Its prime location just west of Mack’s West on the south side of Highway 98 positions it to benefit from the westward expansion of Hattiesburg, promising significant future value appreciation. The asking price is $2,500,000. This is a rare opportunity to acquire a substantial tract of land in a rapidly developing area with excellent visibility and accessibility. Serious inquiries are encouraged. The property is ready for immediate development or can serve as a strong long-term investment. Don't miss this chance to secure a piece of Mississippi's growing commercial real estate market.

Property profile

Verified
Property type Land
Lot 14.8 ac (644,688 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

7462 Us-98 Sumrall, MS 39482
Sumrall metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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