A massive piece of land in Mississippi has caught the attention of property hunters after its advertised asking price dropped by an incredible $75,000. Now listed for just $50,000, this 74.75-acre property in Hattiesburg offers an unusual opportunity for buyers interested in large acreage, future residential development, or long-term land investment.
Located along North 31st Avenue, the property is situated near the University of Southern Mississippi and Forrest General Hospital, placing it close to two major institutions in the Hattiesburg area.
But what makes this listing particularly interesting isn’t just the acreage or the price. The land has a previous history of subdivision approval, opening up questions about what a future owner might be able to accomplish with nearly 75 acres.
Nearly 75 Acres for Only $50,000
Finding almost 75 acres of land advertised for $50,000 is enough to make many buyers look twice.
Based on the asking price, the property is being offered for approximately $669 per acre, although that calculation does not account for development expenses, environmental limitations, or other potential costs.
The listing describes the property as unimproved residential land with relatively level terrain.
Unlike a finished residential lot with utilities and construction-ready infrastructure, this tract remains undeveloped, meaning a buyer would need to investigate what improvements are necessary before building.
For someone interested in owning a substantial amount of land, the size alone could make the property worth researching.
A Location Near Major Hattiesburg Landmarks
One of the property’s biggest selling points is its location.
The land is situated near the University of Southern Mississippi, a major educational institution that attracts students, faculty, employees, and visitors.
Forrest General Hospital is also nearby, providing another significant employment center in the area.
These nearby institutions could be relevant for buyers considering residential housing or rental development, although actual demand and financial feasibility would require further research.
Access to established city amenities may also make the location more appealing than a remote rural tract.
However, the exact availability of roads, utilities, and public infrastructure serving the property should be verified.
A Formerly Approved Subdivision
Perhaps the most intriguing part of this property is its development history.
According to the listing, a developer previously obtained approval for a residential subdivision on the land.
That approval has since expired.
While this does not mean the property is currently approved for subdivision, it suggests that residential development had been considered for the site in the past.
A future buyer interested in creating residential lots would need to work with the appropriate local authorities and obtain new approvals.
Previous engineering plans, subdivision layouts, and related documents could potentially help a developer understand the property’s history.
However, current zoning regulations, infrastructure requirements, environmental conditions, and construction standards would ultimately determine what could be permitted today.
Could Apartments or Multiple Homes Be Built Here?
The seller has also identified potential multifamily development as something buyers might investigate.
Depending on zoning and municipal approvals, the land could potentially be considered for residential projects involving multiple housing units.
Single-family homes are another possibility mentioned in the listing.
For developers, nearly 75 acres could provide room to explore different site layouts, road arrangements, and residential concepts.
But none of these possibilities should be treated as guaranteed building rights.
The number of permitted homes, lot sizes, drainage requirements, access roads, and utility connections would all need to be evaluated.
A professional feasibility study would be especially important before making a purchase decision.
A Huge $75,000 Price Reduction
The property’s price history is another reason it stands out.
According to the advertised information, the asking price was reduced by $75,000, bringing it down from $125,000 to $50,000.
That represents a 60% reduction from the previous advertised price.
Such a substantial change may attract attention from investors who were previously unwilling to consider the property at the higher amount.
However, a dramatic price reduction does not automatically mean a property is undervalued.
Buyers should investigate whether development restrictions, access limitations, infrastructure expenses, or other factors could affect its marketability.
Additional Land May Be Available
Another interesting detail is the possibility of acquiring additional property facing North 30th Avenue.
The seller indicates that a package arrangement involving both properties may be considered.
For a developer, purchasing additional land could potentially provide more flexibility for planning access roads, utilities, or future residential layouts.
The actual benefits would depend on parcel boundaries, ownership, zoning, and other requirements.
Interested buyers would need to verify whether the additional tract remains available and what price would apply to a combined purchase.
What Buyers Should Investigate
Although the $50,000 asking price may appear attractive, purchasing a large undeveloped tract involves important considerations.
A buyer should confirm the exact boundaries through a current survey and investigate any easements, rights-of-way, or access restrictions.
Environmental conditions are another major consideration.
Even when land appears relatively level, portions could be affected by wetlands, drainage issues, flood hazards, or unsuitable soil conditions.
Utility availability also matters.
Connecting water, sewer, electricity, and other services to a large property can involve substantial expenses.
The listing reports approximately $578 in annual property taxes, although buyers should verify current assessments and understand that taxes may change if the property is developed.
Is This Mississippi Land Worth a Closer Look?
For buyers interested in large acreage, the combination of nearly 75 acres, an advertised $50,000 price, and a location near important Hattiesburg institutions is certainly unusual.
The former subdivision approval adds another layer of interest, although it no longer provides active development authorization.
Whether the property becomes a residential neighborhood, a long-term land investment, or something else will depend on zoning, approvals, infrastructure, environmental conditions, and financial feasibility.
For now, this Mississippi listing raises one question that may surprise property hunters:
Would you pay $50,000 for nearly 75 acres of land near a university and major hospital, knowing that future development would require additional work and approvals?
- Important: Current zoning, approvals, utilities, access, boundaries, environmental conditions, and development feasibility should be independently verified
Listed on Zillow.
