Multifamily Development Land | Bordering Southern Miss Campus

$269,000

500 N. 38th Avenue, Hattiesburg, MS 39401

For Sale

Land

Active

Last Updated: 03/01/2024

Details:

Cap Rate: 3.77%

NOI: $56,613

Lot Area: 1.5 acres

Occupancy: 100%

Class: B

Units: 12

Year Built: 2012

Offered by

Greg Brett

SVN Southgate

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Chamberlan Carothers, CCIM, CPM

Managing Director/Owner

SVN | Stewart Commercial Group

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Highlights:

Mulitfamily/Student Housing Development Opportunity
Frontage on N. 38th Avenue (one of 4 streets encircling Southern Miss campus)
Walk/Bike to the Southern Miss campus
Walk/Bike to the Longleaf Trace Recreational Trail
5-15 Minute walk/bike to Midtown

Description:

+/- 1.5 Acres of Multifamily Zoned Land (R-3) near the Southern Miss Campus.

Multi-Family Development Land. Within walking distance of the University of Southern Mississippi Campus and Midtown.

Property has +/- 385 ft of total frontage on N. 38th Ave. (12,000 + cars/day). N. 38th Ave. is one of 4 streets that circle the University of Southern Mississippi campus. - 38th Ave., 4th St., Highway 49 & Hardy St.

Mississippi Power

City

Spire

Documents:

	Title
	Multifamily_Development_Land___Near_Southern_Miss_Campus.pdf	View View Document
	Multifamily_Development_Land___Near_Southern_Miss_Campus.pdf	View View Document