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Land For Development, Opportunity Zone

Listing was updated at: 06/03/2019
Land For Development, Opportunity Zone  Land For Development, Opportunity Zone  Land For Development, Opportunity Zone

Property Overview

Price/Rent PSF $ 3,139,090.00
Asset Type Land
Trade Type Sale
Acres Available 32.87
Date Available 05/23/2019
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Description

Location
This property is located in a close proximity to the I-59/Hwy 49 overpass, located on the NW quadrant of the cloverleaf. This acreage is on the right when turning onto Classic Dr from Hwy 49.

Sale
Both parcels comprise 32.87 acres and a great opportunity for new development. The site is located within the Hattiesburg city limits and located within a designated Opportunity Zone. The site has easy access to city utilities and zoned B-5. There are numerous hotels and restaurants in the remote area. The Hattiesburg Convention Center, Country Club, and The University of Southern Mississippi main campus are a few blocks away. Breckenridge Apartments is located directly across the street. The owner is willing to divide. The asking price for the NE portion (approximately 2.5 acres) is $5/SF, or $544,500. The asking price for the remaining frontage along Classic Dr, approximately 250-300 ft from the road (10-11 acres estimated), is $4/SF. The remaining acreage in the rear is asking $35k/acre.

Location

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