Renovated Retail Building on
For Sale
$2,150,000
6168 US 49, Hattiesburg, MS 39401
6,605 SF Retail For Sale (Prime Restaurant Property)
Property Size6,605 SF
Lot Size0.92 Acres
Price / SF$325.51
Days on Market608
Property Features for 6168 US 49
General Information
Standard status
Active
Property type
Restaurants, Other retail properties, Individual retail properties, Retail properties & Spaces
Size
6,605 SF
Total Parking Spaces
75
Elevators
N/A
Lot size
0.92 Acres
Building Details
Year Built
1988
Year Renovated
2021
Buildings
1
Stories
1
Listed By:
Paul Salter
(850) 564-0120
Added: Feb 6, 2025
Changed: Mar 16
Investment Insights
Based on property information with market context.
This 6,605-square-foot retail building is located on US Highway 49 in Hattiesburg, Mississippi. Situated on a 0.92-acre lot, the single-story structure features 150 feet of frontage and a paved parking area accommodating 75 vehicles. The building underwent renovations between 2021 and 2022. Zoned B-3 Community Business District, the property is suitable for a variety of commercial uses. Its location near the University of Southern Mississippi and Forrest General Hospital ensures high traffic volume.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,510
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,200
$1.4M
Cap Rate 7%
$978,714
$978.7K
Cap Rate 9%
$761,222
$761.2K
Market Conditions
NOI Build-Up for 6,605 SF
Gross rent
$99.1K $15.00/SF
− Vacancy
−$7.7K −$1.17/SF
EGI
$91.3K $13.83/SF
− OpEx
−$22.8K −$3.46/SF
NOI
$68.5K $10.37/SF
Area
Forrest County, MS
Vacancy
7.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,370,200
Cap Rate 7%
$978,714
Cap Rate 9%
$761,222
Alternative Uses
Best Use
Specialty Retail
$978.7K
$856.4K – $1.14M
NOI $68,510 @ 7.0% cap · market cap 3.19%
Second Best
Retail
$725.2K
$634.6K – $846.1K
NOI $50,766 @ 7.0% cap · market cap 2.36%
Theoretical Best
Office A
$1.09M
$951.1K – $1.27M
NOI $76,090 @ 7.0% cap · market cap 3.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39401, MS
43,183
Population
20,232
Households
2.1
Avg Household Size
32
Median Age
28%
College-Educated
89%
High-School Grad
188.9 sq mi
ZIP Area
229
Density / Sq Mi
$40,287
Median Household Income
$25,697
Median Earnings
$932
Median Rent
$120,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Restaurant - 6,605 SF Retail For Sale (Prime Restaurant Property)
Where is this restaurant located?
The property is located at 6168 US 49 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $2,150,000.
