2.77 ac Cloverleaf Out Parcels

5912 Hwy 49 Hattiesburg, MS 39402

5912 Hwy 49, Hattiesburg, MS, 39402
5912 Hwy 49, Hattiesburg, MS, 39402
FOR SALE
Property Type:
Commercial Land Development
Amount:
$995,454
Last Verified:
Feb 14, 2019

Highlights

  • Great visibility from US Hwy 49 and US Hwy 11
  • Traffic Count: US Hwy 49 31,000 US Hwy 11 19,000
  • Adjacent to retail, restaurants and office

Description

The property has excellent visibility from two State Highways, with a total daily traffic count of 50,000 vehicles per day. The site is adjacent to national and regional retailers, office users and restaurants. The site is less than one mile from Forrest General Hospital and the University of Southern Mississippi.

The 2.77 ac site is located at the intersection of US Hwy 49 and US Hwy 11. The site is adjacent to Cloverleaf Center, a 500,000 sf mix use facility offering retail, office and restaurants. The out parcel is directly across Hwy 49 from Walmart and Cloverleaf Medical Plaza.

Lot Size: 2.77 acres

Map of 5912 Hwy 49, Hattiesburg, MS, 39402

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.