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Property profile & analytics
OFF-MARKET
Land

500 38Th Ave Hattiesburg, MS 39401

1.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.5-acre commercial land parcel, located at 500 N 38th Ave in Hattiesburg, Mississippi, presents a unique investment opportunity. Zoned R-3, this property offers significant potential for multifamily development, ideally suited for projects targeting the nearby University of Southern Mississippi student population. The expansive lot size provides ample space for a substantial project, allowing for flexibility in design and building plans. Situated in Forrest County, with a 39401 zip code, the property enjoys convenient access to key transportation routes and local amenities. The asking price is $269,000. This prime location, combined with the favorable R-3 zoning, makes this a highly attractive proposition for developers seeking to capitalize on the strong demand for housing near the university. Detailed site plans and zoning information are readily available upon request. Serious inquiries only. Don't miss this chance to acquire a valuable piece of Hattiesburg real estate with excellent growth potential. The property's coordinates are 31.3322711 latitude and -89.3457633 longitude.

Property profile
Verified
Property type Land
Lot 1.5 ac (65,340 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lebanon Baptist Association Church Mosque
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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