Current Use by Public Records
- Land
Property Details for 2952 Ms-589
- Lot size
- 7.00 lot acres
- Property type
- Land
Description
This exceptional 7-acre commercial land parcel in Hattiesburg, Mississippi, presents a remarkable investment opportunity. Located on MS-589, the property boasts 600 feet of road frontage on Hwy 589 and an additional 350 feet of frontage on Country Lane, offering versatile access options. Currently improved with a residential home and shop/office building, the highest and best use is clearly commercial development. Its strategic location near a medical complex and bank ensures high demand and potential for strong rental income. The property's proximity to Hwy 98 further enhances its accessibility and visibility. An adjacent 1.8-acre parcel is also available, adding another 300 feet of Hwy 589 frontage, expanding development potential. The Lamar County location, with a 39402 zip code, offers a stable market for commercial ventures. The APN is 1062-14-020.0002 - 1062-14-019.000. This prime location offers diverse revenue streams, potential for appreciation, and resilience to economic downturns, making it an attractive investment for long-term growth. The asking price is $2,750,000.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hattiesburg
- County
- Lamar
- State
- Mississippi
- Longitude
- -89.4704
- Latitude
- 31.3082
