NNN Retail Building with Barber
316 Hardy St Hattiesburg, MS 39401
316 Hardy St, Hattiesburg, MS, 39401
Contact for pricing
For Sale
Contact for pricing
Retail building offered for sale with a proposed new roof and split layout, with one side pending for a barber shop.
Property Size1,727 SF
Price / SF$112.91
Days on Market635
Property Features for 316 Hardy St
General Information
- Standard status
- Active
- Size
- 1,727 SF
- Property subtype
- RETAIL
Listing agency
London & Stetelman Realtors
(601) 270-9933
Listed by
Andy D Stetelman
(601) 270-9933
Source
Moodyscre
Added: Oct 25, 2024 Updated: Jul 21 at 7:18AM Checked: Jul 21 at 7:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of London & Stetelman Realtors
Investment Insights
Based on property information with market context.
This NNN retail property is being offered for sale with a proposed new roof, parking lot, and other repairs, or an “as-is” option by rent negotiation. The remarks indicate suggested monthly rent for the building based on 1,727 sf, with rent increasing up to $2,800 for the entire building. The space is described as having a split configuration, with the south side identified as 2007 sf pending for a barber shop entity.
After the pending barber shop is accounted for, the remarks indicate approximately 1,794+ sf would remain for another retail operation, listed at $1,500/month NNN. The remaining space is described as being in a gray box condition.
Prospective tenants and buyers should review the provided details for final availability and the scope of repairs, given the “proposed” language and the negotiation terms referenced in the remarks.
After the pending barber shop is accounted for, the remarks indicate approximately 1,794+ sf would remain for another retail operation, listed at $1,500/month NNN. The remaining space is described as being in a gray box condition.
Prospective tenants and buyers should review the provided details for final availability and the scope of repairs, given the “proposed” language and the negotiation terms referenced in the remarks.
Key Highlights
- Proposed new roof and parking lot repairs included with the sale
- Split retail layout with one side pending for a barber shop entity
- Second space available for another retail operation with 1,794+ SF (south side noted as 1,794+ SF pending barber shop)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.7k | $12.00 |
| − Vacancy | −$1.8k | −$1.02 |
| EGI | $19.0k | $10.98 |
| − OpEx | −$5.7k | −$3.29 |
| NOI | $13.3k | $7.69 |
1,727 SF · lease $12.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$189.6K
$165.9K – $221.2K
NOI $13,274 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.2K
$248.7K – $331.6K
NOI $19,895 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bass Cleaners
(Bike/Boat/Book/etc) Store
Buckos Cleaners
(Bike/Boat/Book/etc) Store
Panthers Cleaners
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Coughlin Florist — 400 Bay St, Hattiesburg, MS 39401
FAQs
What type of property is this?
Storefront property - Retail building offered for sale with a proposed new roof and split layout, with one side pending for a barber shop.
Where is this storefront property located?
The property is located at 316 Hardy St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Proposed new roof and parking lot repairs included with the sale; Split retail layout with one side pending for a barber shop entity; Second space available for another retail operation with 1,794+ SF (south side noted as 1,794+ SF pending barber shop)
