Property profile

4700 Hardy St Hattiesburg, MS 39402

FOR LEASE
Strip malls
Property ID
US50-0045946
15,724 SF 9.5 ac lot Built 1987
Entity Owned 5-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

The Arbor Shopping Center, a well-established Class B retail strip center, offers exceptional leasing opportunities in Lamar County. Built in 1988, this 73,679 square foot property sits on a spacious 9.59-acre lot and boasts 415 parking spaces for ample customer convenience. The center features a strong tenant mix, anchored by prominent businesses including Cowboy Maloney's Electric City, Newk's Café, Plato's Closet, and Once Upon A Child, ensuring high foot traffic and visibility. Units are available for lease, with a minimum divisible space of 1,170 square feet and a maximum contiguous space of 1,200 square feet, providing flexibility for various retail businesses. The property is zoned B-5, allowing for a diverse range of commercial uses. The center's attractive design and established presence make it an ideal location for businesses seeking a thriving retail environment. No elevators are present on the property. This is a prime opportunity to secure space in a well-maintained and successful shopping center with strong anchor tenants and high visibility. Interested parties should inquire about available spaces and lease terms.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction WOOD
Total area 15,724 SF
Lot 9.5 ac (413,820 SF)
APN 051Q-12-029.000
UPID US50-0045946

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon
  • Restaurant
  • HVAC Service General Contractor
  • Medical Clinic
  • Hair Salon

Location

4700 Hardy St Hattiesburg, MS 39402
Hattiesburg metro Census 20305 HATTIESBURG, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.02M

Owner & transaction history

since 2021
2 recorded transactions
2021
Price N/A
2019
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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