NNN Retail Building with Barber
For Sale
Contact for pricing
316 Hardy St, Hattiesburg, MS 39401
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$141.86
Days on Market726
Property Features for 316 Hardy St
General Information
Standard status
Active
Size
1,727 SF
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 316 Hardy St
At Round-A-Bout/Front Door Of Downtown Hattiesburg
AVAILABLE
Size
1,727 SF
Type
RETAIL
Lease Type
NNN
Quoted rent is "as is" and needs HVAC, electrical, plumbing etc. TI allowance by negotiation. On sale market too if want owner occupancy.
Move in special, one month rent abatement for each year in term for an approved lessee up to 5 months abated rent
Contact us
Listing Agency:
London & Stetelman Realtors
(601) 268-8770
Listed By:
Andy D Stetelman
(601) 270-9933
Source:
Moodyscre
Added: Oct 25, 2024
Changed: Oct 11
Last Checked: Oct 19 at 6:12AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,274
Cap Rate
5.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,480
$265.5K
Cap Rate 7%
$189,629
$189.6K
Cap Rate 9%
$147,489
$147.5K
Market Conditions
NOI Build-Up for 1,727 SF
Gross rent
$20.7K $12.00/SF
− Vacancy
−$1.8K −$1.02/SF
EGI
$19.0K $10.98/SF
− OpEx
−$5.7K −$3.29/SF
NOI
$13.3K $7.69/SF
Area
Forrest County, MS
Vacancy
8.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,480
Cap Rate 7%
$189,629
Cap Rate 9%
$147,489
Alternative Uses
Best Use
Retail
$189.6K
$165.9K – $221.2K
NOI $13,274 @ 7.0% cap · market cap 5.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.2K
$248.7K – $331.6K
NOI $19,895 @ 7.0% cap · market cap 8.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,166
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Citgo
Shops & Services
4,688 visits/mo
0.4 miles
Cadence Bank
Shops & Services
3,131 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,792 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Coughlin Florist — 400 Bay St, Hattiesburg, MS 39401
Frequently Asked Questions
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 $245,000.
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)
