500 38Th Ave Hattiesburg, MS 39401
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.
-
Lebanon Baptist Association Church Mosque
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
Similar Nearby for Lease
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.