Vintage Diner
For Sale
$249,000
400 Main Street, Hattiesburg, MS 39402
Commercial Sale, Hattiesburg, MS
Property Size1,176 SF
Lot Size0.04 Acres
Price / SF$211.73
Days on Market423
Property Features for 400 Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Bathrooms
1
Half bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
Denny & Mcinnis
Lot features
Corner Lot, Rectangular Lot, Corner Lot, Rectangular Lot
Directions
From Hwy 49, east on Hardy Street into downtown. At roundabout continue straight. Once Hardy becomes Front Street, turn right on Main Street. Building will be on the right.
Standard status
Active
APN
2-029j-10-240.00
Size
1,176 SF
Lot size
0.04 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BG NE COR OF LT 6 SW 90 FT SE 20 FTNE 90 FT NW ON MAIN ST 20 FT TO BG BLK 179 B545 P447 9/84 PREV #:H0636-14-005
Tax Annual Amount
698
Legal Description
BG NE COR OF LT 6 SW 90 FT SE 20 FTNE 90 FT NW ON MAIN ST 20 FT TO BG BLK 179 B545 P447 9/84 PREV #:H0636-14-005
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1945
Floors in Building
1
Flooring type
Vinyl, Laminate
Roof type
Metal, Aluminum
Listing Agency:
Berkshire Hathaway Home Servs., Panoramic Properties · Prudential Real Estate
(228) 280-8351
Listed By:
Jacqueline L Ready · License #B22734
(601) 447-1954
Added: Aug 11, 2025
Changed: Sep 25
Last Checked: Oct 7 at 10:06AM
MLS# 4122184
Copyright © 2026 MLS United. 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 1,176-square-foot diner property was built in 1945 and occupies approximately 0.04 acres at 400 Main Street in Hattiesburg. The building has laminate and vinyl flooring, metal and aluminum roofing, two bathrooms, public water, public sewer, and natural gas availability. The property is associated with the Coney Island Cafe name and includes two murals identified in the property information.
The site is positioned in downtown Hattiesburg near recurring community events, including Live at Five concerts, parades, a weekly farmer’s market, First Saturdays, and the Downtown Crawfish Music Festival. HUBfest is held outside the property and draws 30,000 attendees. Public parking is located directly across W. Railroad, while the Amtrak Crescent Line provides service between New Orleans and New York. Downtown residents and employees are also identified as an existing customer base for meal service.
The site is positioned in downtown Hattiesburg near recurring community events, including Live at Five concerts, parades, a weekly farmer’s market, First Saturdays, and the Downtown Crawfish Music Festival. HUBfest is held outside the property and draws 30,000 attendees. Public parking is located directly across W. Railroad, while the Amtrak Crescent Line provides service between New Orleans and New York. Downtown residents and employees are also identified as an existing customer base for meal service.
Key Highlights
- 1,176‑square‑foot diner property on approximately 0.04 acres
- Built in 1945 with laminate and vinyl flooring
- Metal and aluminum roofing systems
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
Retail
$129.1K
$113.0K – $150.7K
NOI $9,039 @ 7.0% cap · market cap 3.63%
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.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,040
Businesses Nearby
5k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Cadence Bank
Shops & Services
3,131 visits/mo
0.2 miles
Firestone Complete Auto Care
Shops & Services
1,792 visits/mo
0.2 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
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Similar Off Market Nearby
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- Southbound Bagel and Coffee Shop — 217 E Front St, Hattiesburg, MS 39401
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Property includes public water, public sewer, and natural gas availability.
Where is this breakfast & diner 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 diner property on approximately 0.04 acres; Built in 1945 with laminate and vinyl flooring; Metal and aluminum roofing systems
