Versatile Former Gas
1301 Carterville Rd Petal, MS 39465
1301 Carterville Rd, Petal, MS, 39465
$329,000
Pending
For Sale
$329,000
Pending
COMMERCIAL - Other - Petal, MS
Property Size2,300 SF
Lot Size2.00 Acres
Days on Market95
Property Features for 1301 Carterville Rd
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Standard status
- Pending
- Lot size
- 2.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- See delta 2 parcels PPIN - 027854 and 028922
- Tax Annual Amount
- 2358
Building Details
- Architectural style
- Other
Listing Agency
RE/MAX Real Estate Partners
(601) 296-2001
119 MAYFAIR RD, Hattiesburg, MS
Listed by
Kristen Dickinson · License #S-56163
(601) 543-7927
Added: Apr 15 Checked: Jul 18 at 8:06 pm
MLS# 146709
Copyright © 2026 Hattiesburg Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile commercial property is a former gas station site with a 2,300-square-foot structure. The underground tanks and fuel pumps have already been removed, leaving the property ready for redevelopment or repurposing. The existing building supports a range of potential uses, including retail, office, automotive, or other service-based concepts.
Located on a high-traffic corridor in Petal, the property includes a generous lot with road frontage to support visibility and accessibility for prospective customers and clients.
The site is listed for sale and offers the physical framework of a prior automotive-oriented facility, with removal of fuel infrastructure completed to provide a cleaner redevelopment starting point.
Located on a high-traffic corridor in Petal, the property includes a generous lot with road frontage to support visibility and accessibility for prospective customers and clients.
The site is listed for sale and offers the physical framework of a prior automotive-oriented facility, with removal of fuel infrastructure completed to provide a cleaner redevelopment starting point.
Key Highlights
- 2,300 sq ft commercial property on a high‑traffic corridor in Petal
- Former gas station site with underground tanks and fuel pumps removed
- Versatile existing structure suited for retail, office, automotive, or service‑based use
Local Financial Insights For Office B
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 | $33.1k | $14.40 |
| − Vacancy | −$7.3k | −$3.17 |
| EGI | $25.8k | $11.23 |
| − OpEx | −$6.5k | −$2.81 |
| NOI | $19.4k | $8.42 |
2,300 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$276.8K
$242.2K – $322.9K
NOI $19,375 @ 7.0% cap · market cap 5.89%
Second Best
Retail
$252.5K
$221.0K – $294.6K
NOI $17,678 @ 7.0% cap · market cap 5.37%
Theoretical Best
Office A
$378.5K
$331.2K – $441.6K
NOI $26,496 @ 7.0% cap · market cap 8.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
FAQs
What type of property is this?
Auto shop - Former gas station with underground tanks and fuel pumps removed, offering redevelopment flexibility on a high-traffic corridor.
Where is this auto shop located?
The property is located at 1301 Carterville Rd Petal, MS.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 2,300 sq ft commercial property on a high‑traffic corridor in Petal; Former gas station site with underground tanks and fuel pumps removed; Versatile existing structure suited for retail, office, automotive, or service‑based use
