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Description for 22.65 Acre Lamar MLS# 124081

ATTENTION INVESTORSThe City of Hattiesburg is investing in West Hattiesburg along Lamar Boulevard, Lincoln Road, and Hegwood Road and here is your opportunity to do the same. This 22.65 +/- acre Lamar County parcel is located adjacent to Regions Bank Headquarters and is ripe for Class A development opportunity. This area is classified as Hattiesburg's Regional Business District and is zoned B-5. The City of Hattiesburg has just completed phase 1 of its renovation to Lamar Boulevard where it has been resurfaced, curbed and guttered with storm water drainage, and freshly landscaped along the median. Phase II will include lighting from Hwy 98 to Lincoln Rd. while widening of Lincoln Rd. is currently underway. *An additional 3.46 +/- acre parcel adjoins this one to the west at the intersection of Hegwood Rd. and Lincoln Rd. and there is a 7.03 +/- acre parcel available on the east side of Lamar Blvd. that has recently been appraised and surveyed in to 3 smaller parcels of 2.57 +/- acres, 1.13 +/- acres, and 3.33 +/- acres. The 22.65 +/- acre parcel offers approximately 1,000' road frontage, while the location provides direct access to Highway 98 and Lincoln Road Extension. Utility infrastructure is in place with Pearl River Valley Electric serving the area with 3-phase power, while North Lamar Water Association has a 4" water main and the City of Hattiesburg has an 8" water main in place. Sewer is provided by the City of Hattiesburg and high-speed internet is offered by multiple providers. A portion of the site (frontage along west side of Lamar Blvd.) is prepped with 24" and 30" underground drainage ducts routed to an on-site retention pond. A wetlands study is on file along with development plans for a business park.

General Features

  • Property For
    Sale
  • Listing Type
    Commercial
  • County
    Lamar
  • Approx. Lot Size
    22.65 Acres more or less
  • Price
    $4,439,853

Additional Details

Business Desc
Business Service, Franchise, Office, Other - See Remarks, Professional Service
Features
None
Property Tax
$741.06
Floors
Other - See Remarks
Roof
Other - See Remarks

Lot

Access Roads
City Street
Location
Other - See Remarks
Utilities
Other - See Remarks

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Market Research


 

Hattiesburg Commercial Values

Average List Price:
$834,234
Average Sold Price:
$262,154
Average Price per SQFT:
$60
Average Days on Market:
285
Number of Properties for Sale:
1,948
Vs.

This Property

List Price:
$4,439,853
Approx. Price per SQFT:
N/A
Days on Website:
680 (Jan 22, 2021)

Pricing Considerations

List Price:
$4,439,853
Estimated Taxes:
$741.06

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The data relating to real estate for sale on this web site comes in part from the Hattiesburg Area Association of Realtors®, Inc. Information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable, but is not guaranteed accurate.