This 7.13-acre vacant commercial land parcel presents a unique investment opportunity in Petal, Mississippi's thriving retail corridor. Located near the intersection of Valley Drive and Old Richton Road, this property boasts exceptional visibility and accessibility, situated adjacent to 9 commercial acres with over 1,080 feet of Highway 42 frontage. The high-traffic area sees approximately 18,000 vehicles per day, ensuring significant exposure for any development. Surrounded by established businesses including Walmart, Lowe's, Chick-fil-A, and McAlister's Deli, as well as other local retailers and banks, this location offers immediate access to a substantial customer base. The property's versatility allows for a wide range of commercial uses, including convenience stores, restaurants, office spaces, and retail establishments. While lacking direct highway frontage, its proximity to Highway 42 and its strategic placement within a densely populated area make it an attractive option for investors seeking high-impact commercial development. Furthermore, the property is conveniently located within the Petal School District, consistently ranked as the top public school district in the state, and is within a short distance of several schools and the Petal High School Athletics Complex. Its proximity to Interstate 59 and downtown Hattiesburg provides easy access to a larger regional market. The asking price is $160,000, translating to approximately $22,440 per acre. This represents a compelling value proposition for investors seeking a prime location in a rapidly growing area.
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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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.