Downtown Restaurant
For Sale
$249,000
400 Main Street, Hattiesburg, MS 39402
The former cafe includes two murals and occupies a Main Street location in downtown Hattiesburg.
Property Size1,176 SF
Price / SF$211.73
Days on Market440
Property Features for 400 Main Street
General Information
Standard status
Active
Size
1,176 SF
Property subtype
Commercial
Building Details
Building Size
1,176 SF
Year Built
1945
Listing Agency:
Berkshire Hathaway Home Servs., Panoramic Properties
Listed By:
Jacqueline L Ready · License #B22734
(228) 280-8351
Source:
Cumbestrealty
Added: Aug 12, 2025
Changed: Oct 23
Last Checked: Oct 23 at 5:56PM
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 Berkshire Hathaway Home Servs., Panoramic Properties
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Investment Insights
Based on property information with market context.
This 1,176-square-foot restaurant building, constructed in 1945, was formerly used as a cafe. Two murals are among its distinctive physical features. The property is located at 400 Main Street in downtown Hattiesburg, Mississippi.
Downtown events include concerts, parades, a weekly farmers market, and the Downtown Crawfish Music Festival. HUBfest, held in spring, draws 30,000 people, with festivities taking place outside the property. Public parking is directly across W. Railroad, and the Crescent Line Amtrak service connects the area with New Orleans and New York.
Downtown events include concerts, parades, a weekly farmers market, and the Downtown Crawfish Music Festival. HUBfest, held in spring, draws 30,000 people, with festivities taking place outside the property. Public parking is directly across W. Railroad, and the Crescent Line Amtrak service connects the area with New Orleans and New York.
Key Highlights
- 1,176‑square‑foot former cafe building
- Built in 1945
- Two murals
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,198
Cap Rate
4.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$243,960
$244.0K
Cap Rate 7%
$174,257
$174.3K
Cap Rate 9%
$135,533
$135.5K
Market Conditions
NOI Build-Up for 1,176 SF
Gross rent
$17.6K $15.00/SF
− Vacancy
−$1.4K −$1.17/SF
EGI
$16.3K $13.83/SF
− OpEx
−$4.1K −$3.46/SF
NOI
$12.2K $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%
$243,960
Cap Rate 7%
$174,257
Cap Rate 9%
$135,533
Alternative Uses
Best Use
Specialty Retail
$174.3K
$152.5K – $203.3K
NOI $12,198 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
458k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 37%
Apparel 27%
Shops & Services 26%
Home Improvements & Furnishings 11%
T.J. Maxx
Apparel
60,394 visits/mo
0.2 miles
Hobby Lobby
Shops & Services
57,322 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
49,078 visits/mo
0.4 miles
McDonald's
Dining
36,542 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
36,279 visits/mo
0.4 miles
Demographics for 39402, MS
44,633
Population
18,780
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
95%
High-School Grad
93.2 sq mi
ZIP Area
479
Density / Sq Mi
$71,254
Median Household Income
$41,552
Median Earnings
$1,183
Median Rent
$255,400
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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The former cafe includes two murals and occupies a Main Street location in downtown Hattiesburg.
Where is this conventional restaurant located?
The property is located at 400 Main Street Hattiesburg, MS.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,176‑square‑foot former cafe building; Built in 1945; Two murals
