Mixed-Use Property with
New
For Sale
Contact for pricing
130 W Central Ave, Petal, MS 39465
Two adjoining buildings provide pharmacy and medical space along W Central Avenue in Petal.
Property Size10,548 SF
Price / SF$80.58
Days on Market4
Property Features for 130 W Central Ave
General Information
Standard status
Active
Size
10,548 SF
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Traffic Count
8,900 vehicles/day
Highway Access
Yes
Additional Details
Property Use
Medical, Retail, Office, Professional Service
Amenities
drive-thru
Building Details
Building Size
10,548 SF
Listing Agency:
London & Stetelman Realtors
(601) 268-8770
Listed By:
Markus Simmons · License #MS S-56296
(601) 270-5965
Source:
Moodyscre
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:29PM
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
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Investment Insights
Based on property information with market context.
This mixed-use property combines a 7,648-square-foot former pharmacy with an adjacent 2,900-square-foot medical facility, for 10,548 square feet of building area. The pharmacy includes a drive-through, and parking serves both buildings. The existing configuration brings retail and medical space together in a single property along W Central Avenue in Petal, Mississippi.
The site is on a commercial corridor with a reported traffic count of 8,900 vehicles per day. Petal Middle School is approximately 1 mile away, and Petal High School is approximately 3 miles away. I-59, via Evelyn Gandy Parkway at Exit 69, is approximately 6 miles from the property. Downtown Petal, Evelyn Gandy Parkway, and the greater Hattiesburg market are also accessible from this location.
The site is on a commercial corridor with a reported traffic count of 8,900 vehicles per day. Petal Middle School is approximately 1 mile away, and Petal High School is approximately 3 miles away. I-59, via Evelyn Gandy Parkway at Exit 69, is approximately 6 miles from the property. Downtown Petal, Evelyn Gandy Parkway, and the greater Hattiesburg market are also accessible from this location.
Key Highlights
- 10,548 SF combined building area
- 7,648 SF former pharmacy with drive‑through
- Adjacent 2,900 SF medical facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,092
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,840
$1.0M
Cap Rate 7%
$729,886
$729.9K
Cap Rate 9%
$567,689
$567.7K
Market Conditions
NOI Build-Up for 10,548 SF
Gross rent
$91.1K $8.64/SF
− Vacancy
−$9.4K −$0.89/SF
EGI
$81.7K $7.75/SF
− OpEx
−$30.7K −$2.91/SF
NOI
$51.1K $4.84/SF
Area
Forrest County, MS
Vacancy
10.30%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,021,840
Cap Rate 7%
$729,886
Cap Rate 9%
$567,689
Alternative Uses
Best Use
Specialty Retail
$1.56M
$1.37M – $1.82M
NOI $109,409 @ 7.0% cap · market cap 12.87%
Second Best
Healthcare Medical
$1.41M
$1.23M – $1.64M
NOI $98,558 @ 7.0% cap · market cap 11.60%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,513 @ 7.0% cap · market cap 14.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
8,900 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
422
Businesses Nearby
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Business Placement
Demographics for 39465, MS
23,002
Population
8,854
Households
2.6
Avg Household Size
37
Median Age
25%
College-Educated
91%
High-School Grad
122.7 sq mi
ZIP Area
187
Density / Sq Mi
$73,785
Median Household Income
$40,465
Median Earnings
$921
Median Rent
$166,300
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two adjoining buildings provide pharmacy and medical space along W Central Avenue in Petal.
Where is this mixed-use property located?
The property is located at 130 W Central Ave Petal, MS.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 10,548 SF combined building area; 7,648 SF former pharmacy with drive‑through; Adjacent 2,900 SF medical facility
