2970 Ms-589 Hattiesburg, MS 39402
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.
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.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.