Automotive Service Center with
For Sale
Contact for pricing
603 Broadway Dr, Hattiesburg, MS 39401
Flexible automotive facility with conditioned offices, overhead doors, customer amenities, and dedicated vehicle staging areas.
Property Size9,100 SF
Price / SF$115.38
Days on Market1223
Property Features for 603 Broadway Dr
General Information
Standard status
Active
Size
9,100 SF
Property subtype
Retail
Zoning
B-4
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
service facility
staging area
air-conditioned offices
restrooms
3-phase electrical service
overhead doors
front glass pass-through staging doors
customer lounge
parts center
break room
Building Details
Year Built
2002
Buildings
2
Stories
1
Listing Agency:
RE/MAX of Orange Beach Commercial
Listed By:
Heather Harp · License #AL 0146979
(251) 533-6677
Source:
Crexi
Added: Jun 12, 2023
Changed: Oct 10
Last Checked: Oct 14 at 10:57PM
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 RE/MAX of Orange Beach Commercial
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Investment Insights
Based on property information with market context.
This automotive property combines a showroom-oriented front area with a service facility and staging space within approximately 9,100 square feet. The building includes front glass pass-through staging doors, multiple air-conditioned offices, three restrooms, a customer lounge, parts center, and break room. Three-phase electrical service and overhead doors support vehicle and equipment access. The property formerly operated as a Kia car dealership.
The site occupies the northwest corner of Broadway Drive and Timothy Lane, with 200 feet of frontage and a fully signalized intersection. It is positioned northeast of the interchange connecting US 11 and US 49 in Hattiesburg, Mississippi. The address is 603 Broadway Dr, Hattiesburg, MS 39401.
The site occupies the northwest corner of Broadway Drive and Timothy Lane, with 200 feet of frontage and a fully signalized intersection. It is positioned northeast of the interchange connecting US 11 and US 49 in Hattiesburg, Mississippi. The address is 603 Broadway Dr, Hattiesburg, MS 39401.
Key Highlights
- Approximately 9,100 square feet of automotive building and service space
- 200 feet of frontage at Broadway Drive and Timothy Lane
- Front glass pass‑through staging doors designed for showroom display
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,943
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,398,860
$1.4M
Cap Rate 7%
$999,186
$999.2K
Cap Rate 9%
$777,144
$777.1K
Market Conditions
NOI Build-Up for 9,100 SF
Gross rent
$109.2K $12.00/SF
− Vacancy
−$9.3K −$1.02/SF
EGI
$99.9K $10.98/SF
− OpEx
−$30.0K −$3.29/SF
NOI
$69.9K $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%
$1,398,860
Cap Rate 7%
$999,186
Cap Rate 9%
$777,144
Alternative Uses
Best Use
Retail
$999.2K
$874.3K – $1.17M
NOI $69,943 @ 7.0% cap · market cap 6.66%
Second Best
Industrial
$649.5K
$568.3K – $757.7K
NOI $45,463 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,832 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
647
Businesses Nearby
103k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 36%
Apparel 8%
Home Improvements & Furnishings 3%
McDonald's
Dining
28,504 visits/mo
0.2 miles
Exxon
Shops & Services
9,998 visits/mo
0.2 miles
Burger King
Dining
7,440 visits/mo
0.2 miles
Waffle House
Dining
6,434 visits/mo
0.4 miles
KFC
Dining
6,295 visits/mo
0.0 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Automotive property - Flexible automotive facility with conditioned offices, overhead doors, customer amenities, and dedicated vehicle staging areas.
Where is this automotive property located?
The property is located at 603 Broadway Dr Hattiesburg, MS.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Approximately 9,100 square feet of automotive building and service space; 200 feet of frontage at Broadway Drive and Timothy Lane; Front glass pass‑through staging doors designed for showroom display
