0 Highway 589 Hattiesburg, MS 39402
This exceptional 6-acre commercial land parcel presents a prime investment opportunity in Hattiesburg, Mississippi. Located on Highway 589, just south of Highway 98, this property boasts over 400 feet of direct road frontage, ensuring high visibility and accessibility. The asking price is $653,400, translating to $108,900 per acre, a competitive price point compared to similar properties in the area. The property's strategic location offers significant advantages. It sits directly across Highway 589 from the new St. Fabian's Church under construction, and just south of a high-performing Dollar General store, known for its strong sales volume. This location is ideally suited to serve the growing residential communities of Bellegrass, Dandridge, Bent Creek, and other nearby subdivisions, creating a strong demand for various commercial services. The property's diverse zoning allows for a variety of commercial uses, including office, self-storage, retail, retail-pad, and hospitality establishments. The Lamar County location and its proximity to major roadways make this a highly desirable site for development and investment. The APN is 1063-23-038.000. This is a rare opportunity to acquire a well-positioned commercial land parcel with significant growth potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.