Historic Restaurant Cafe
400 N Main St Hattiesburg, MS 39401
For Sale
$269,000
Historic former cafe building in downtown Hattiesburg with two murals and public parking across the street.
Property Size1,176 SF
Price / SF$228.74
Days on Market353
Property Features for 400 N Main St
General Information
Standard status
Active
Size
1,176 SF
Listing Agency:
Berkshire Hathaway Home Servs., Panoramic Properties
(601) 447-1954
Listed By:
Jacqueline L Ready · License #B22734
(601) 447-1954
Source:
Exprealty
Added: Aug 12, 2025
Changed: Jul 27
Last Checked: Jul 29 at 12:34PM
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
Investment Insights
Based on property information with market context.
This historic restaurant cafe building is offered for sale at 400 N Main St in downtown Hattiesburg. The property is associated with Coney Island Cafe, which dates to 1923 and operated as a lunch counter and long-standing local dining destination for more than 100 years. The building features two murals and is currently presented as a former cafe space, ready for a new owner to continue the operation.
The property is positioned on Main Street in a busy downtown setting with public parking directly across W. Railroad, plus additional access by foot and public transportation. Downtown events and activities are described in the offering materials, including seasonal and annual gatherings with activity outside the front door during certain festivities.
For prospective buyers, the seller notes the asset is being marketed for sale with private tours available, and that the on-site landline phone is functional.
The property is positioned on Main Street in a busy downtown setting with public parking directly across W. Railroad, plus additional access by foot and public transportation. Downtown events and activities are described in the offering materials, including seasonal and annual gatherings with activity outside the front door during certain festivities.
For prospective buyers, the seller notes the asset is being marketed for sale with private tours available, and that the on-site landline phone is functional.
Key Highlights
- Historic former cafe building at 400 Main Street in downtown Hattiesburg
- Two murals on the property
- Public parking directly across W. Railroad
Financial Insights For Specialty Retail
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 | $17.6k | $15.00 |
| − Vacancy | −$1.4k | −$1.17 |
| EGI | $16.3k | $13.83 |
| − OpEx | −$4.1k | −$3.46 |
| NOI | $12.2k | $10.37 |
1,176 SF · lease $15.00/SF/yr · vacancy 7.80% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$174.3K
$152.5K – $203.3K
NOI $12,198 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$193.5K
$169.4K – $225.8K
NOI $13,548 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- The Bay Bed & Breakfast — 103 Short Bay St, Hattiesburg, MS 39401
- The Whitman — 627 Main St, Hattiesburg, MS 39401
- Ross Mansion Bed & Breakfast and Events — 416 Bay St, Hattiesburg, MS 39401
- Southbound Bagel and Coffee Shop — 217 E Front St, Hattiesburg, MS 39401
Frequently Asked Questions
What type of property is this?
Breakfast & diner - Historic former cafe building in downtown Hattiesburg with two murals and public parking across the street.
Where is this breakfast & diner located?
The property is located at 400 N Main St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $269,000.
What are key features of this property?
This property features: Historic former cafe building at 400 Main Street in downtown Hattiesburg; Two murals on the property; Public parking directly across W. Railroad
