Highway Land Ready For
2575 Old Highway 24, Hattiesburg, MS 39402
Acreage near intersection suitable for commercial transition with rezoning potential.
Type:Office, Land
Property size:
3,400 SFLot size:
1.00 AcrePrice / SF:
$95/SF- Added:
- May 5, 2026
- Days on Market:
- 26
- Last Refresh:
- May 27 at 8:13 am
Property Features for 2575 Old Highway 24
General Information
- Standard status
- Active
- Size
- 3,400 SF
- Lot size
- 1.00 Acre
- Property subtype
- Office, Land
Building Details
- Year Built
- 1963
Listing agent Allison Deus License #MS
Listing office Century 21 Alliance
Listing date May 5, 2026
Source Crexi
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 Century 21 Alliance
HighLights
- Potential for residential‑to‑commercial transition with sellers open to rezoning contingency (up to 90 days).
- Located near the intersection of Old Hwy 24 and Old Hwy 11, a growing area with high visibility.
- ±3,000–3,400 SF building featuring 4 offices, 3 restrooms, 2 great rooms, and a full kitchen.
- Approximately 1 acre of land (to be subdivided), with an additional ±1.3 acres potentially available.
- High‑visibility location near a 4‑way stop with estimated traffic counts of approximately 12,000 and 4,000 AADT.
- Includes outdoor storage, a garage structure (no door), and an extended driveway.
Overview
Located near the intersection of Old Hwy 24 and Old Hwy 11, this property presents an opportunity for residential-to-commercial transition, subject to approval. The property is currently zoned residential, but the sellers are open to a rezoning contingency of up to 90 days. This provides flexibility for buyers interested in office, service-based, or boutique commercial uses. The building measures approximately 3,000 to 3,400 square feet and includes 4 offices with closets, 3 restrooms, 2 large great rooms, and a full kitchen. Additional improvements include outdoor storage, a garage structure without a door, an extended driveway, and a front land area suitable for parking. The site is situated on approximately 1 acre, which will be subdivided from a larger approximately 2.3-acre parcel before closing. An additional approximately 1.3 acres may also be available. The property is located near a high-visibility 4-way stop with estimated traffic counts of approximately 12,000 and 4,000 AADT. The site also features access to multiple roadways for ingress and egress.
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 | $49.0k | $14.40 |
| − Vacancy | −$10.8k | −$3.17 |
| EGI | $38.2k | $11.23 |
| − OpEx | −$9.5k | −$2.81 |
| NOI | $28.6k | $8.42 |
3,400 SF · lease $14.40/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$409.2K
$358.0K – $477.4K
NOI $28,642 @ 7.0% cap · market cap 8.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$559.5K
$489.6K – $652.8K
NOI $39,168 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Hattiesburg
- County
- Forrest
- State
- Mississippi
- Longitude
- -89.416984
- Latitude
- 31.285759
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - Acreage near intersection suitable for commercial transition with rezoning potential.
Where is this office units located?
The property is located at 2575 Old Highway 24 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Potential for residential‑to‑commercial transition with sellers open to rezoning contingency (up to 90 days).; Located near the intersection of Old Hwy 24 and Old Hwy 11, a growing area with high visibility.; **±3,000–3,400 SF building featuring 4 offices, 3 restrooms, 2 great rooms, and a full kitchen.**
