Grocery Store with Walk-In
For Sale
$580,000
25 Monroe, Hattiesburg, MS 39401
An equipped meat market includes dedicated cutting, cold-storage, food-preparation, and customer-service areas.
Property Size2,897 SF
Lot Size0.78 Acres
Price / SF$200.21
Days on Market141
Property Features for 25 Monroe
General Information
Standard status
Active
Size
2,897 SF
Lot size
0.78 Acres
Property subtype
Business
Additional Details
Business Included
Yes
Traffic Count
17,000 vehicles/day
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$3,982
Amenities
two bathrooms
private office
Building Details
Buildings
1
Listing Agency:
Farris Property Group
Listed By:
Chandler Farris · License #B-21903
(601) 520-4191
Source:
Amequityrealty
Added: Jun 10
Changed: Oct 26
Last Checked: Oct 26 at 8:28AM
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 Farris Property Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2,897 SF, this Hattiesburg commercial facility is set up for meat retail and preparation. Equipment includes two display freezers, two display coolers, a stand-alone walk-in freezer, and a separate walk-in cutting room. The food-prep area has a three-compartment commercial sink and stove/oven, complemented by two additional two-door commercial coolers and an Ole Hickory smoker. A meat grinder, meat and bone saw, deli slicer, vacuum sealer, wrapping machines, stainless steel prep stations, scale, and Square POS system with two registers are also included. The premises have two bathrooms and a private office, along with security cameras and continuous temperature monitoring. Current product and inventory, furnishings, and operating systems are part of the offering.
The property occupies a 0.78+/- acre lot on Monroe Road in Hattiesburg. The MDOT 2024 traffic count is 17,000 vehicles per day. The facility is permitted for continued operation as a butcher shop and meat market, with equipment suited to producing fresh cuts and prepared foods.
The property occupies a 0.78+/- acre lot on Monroe Road in Hattiesburg. The MDOT 2024 traffic count is 17,000 vehicles per day. The facility is permitted for continued operation as a butcher shop and meat market, with equipment suited to producing fresh cuts and prepared foods.
Key Highlights
- 2,897 SF facility on a 0.78+/- acre lot
- MDOT 2024 traffic count: 17,000 vehicles per day
- Includes walk‑in freezer and separate walk‑in cutting room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,049
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$600,980
$601.0K
Cap Rate 7%
$429,271
$429.3K
Cap Rate 9%
$333,878
$333.9K
Market Conditions
NOI Build-Up for 2,897 SF
Gross rent
$43.5K $15.00/SF
− Vacancy
−$3.4K −$1.17/SF
EGI
$40.1K $13.83/SF
− OpEx
−$10.0K −$3.46/SF
NOI
$30.0K $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%
$600,980
Cap Rate 7%
$429,271
Cap Rate 9%
$333,878
Alternative Uses
Best Use
Specialty Retail
$429.3K
$375.6K – $500.8K
NOI $30,049 @ 7.0% cap · market cap 5.18%
Second Best
Retail
$318.1K
$278.3K – $371.1K
NOI $22,266 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$476.8K
$417.2K – $556.2K
NOI $33,373 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
17,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - An equipped meat market includes dedicated cutting, cold-storage, food-preparation, and customer-service areas.
Where is this grocery and convenience store located?
The property is located at 25 Monroe Hattiesburg, MS.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: 2,897 SF facility on a 0.78+/- acre lot; MDOT 2024 traffic count: 17,000 vehicles per day; Includes walk‑in freezer and separate walk‑in cutting room
