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Property profile & analytics
OFF-MARKET
Land

2970 Ms-589 Hattiesburg, MS 39402

Property ID
Property summary
AI-generated overview

This exceptional 81-acre commercial land parcel presents a unique investment opportunity in the rapidly growing Lamar County, Mississippi. Strategically located at the intersection of Highway 98 and Highway 589 in West Hattiesburg, this property offers unparalleled potential for diverse development. The permitted commercial zoning allows for a wide range of uses, including retail, office (medical and service-oriented), and townhomes, aligning perfectly with the community's vision for the area. This site is unmatched in its proximity to the major intersection of Highway 98 and Highway 589, providing excellent visibility and accessibility. Lamar County's consistent ranking as the second fastest-growing county in Mississippi underscores the significant demand for new services and development in this area. The property's size and zoning flexibility make it suitable for a variety of projects, from large-scale commercial developments to smaller, mixed-use projects. The seller is open to considering subdividing the property to accommodate specific development plans. Detailed flyers and a video showcasing the property's potential uses are available upon request. The asking price is $7,461,000, translating to $2.11 per square foot of land value. The property's APN is 1062-14-016.00. This is a rare opportunity to acquire a premier development site in a thriving market.

Property profile
Verified
Property type Land
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
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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