Property profile

2952 Ms-589 Hattiesburg, MS 39402

OFF-MARKET
Land
7 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 7 ac (304,920 SF)

Cap rate & NOI

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

Location

2952 Ms-589 Hattiesburg, MS 39402
Hattiesburg 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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