6633 Hwy 98 Hattiesburg, MS 39402
This exceptional Lamar County property boasts a prime location on Highway 98 West, offering stunning lake views. The 2.09-acre lot encompasses a 5,353 square foot office building with multiple tenancies, currently featuring two available spaces. Beyond the main office structure, the property includes a substantial 7,000+ square foot home, a four-plex residential building, and valuable retail frontage along the highway. The extensive grounds are naturally landscaped, featuring a prolific growth of blueberry bushes. This unique offering presents a compelling investment opportunity, combining diverse income streams from office, residential, and retail uses. The significant vacant land (92,473 sq ft) offers considerable potential for expansion or redevelopment. The property's strategic location on a major highway and its picturesque lake setting provide exceptional visibility and appeal. This is a rare chance to acquire a multi-faceted commercial property with significant upside potential in a desirable location. The existing structures are well-maintained and offer immediate income generation, while the ample vacant land allows for future growth and development. Serious inquiries are encouraged.
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
Similar Nearby for Sale
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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.