Four-Office Downtown
For Sale
$195,000
629 N Main St, Hattiesburg, MS 39401
Renovated office property pairs traditional architectural details with a reception area, kitchenette, and dedicated support rooms.
Property Size1,478 SF
Price / SF$131.94
Days on Market10
Property Features for 629 N Main St
General Information
Standard status
Active
Size
1,478 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1903
Year Renovated
2026
Buildings
1
Building Size
1,478 SF
Construction
brick
Listing Agency:
Keller Williams
Listed By:
Charles M Dawe · License #B-23150
(601) 819-0399
Source:
Propertiesnorthms
Added: Sep 30
Changed: Oct 7
Last Checked: Oct 7 at 2:18PM
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 Keller Williams
Investment Insights
Based on property information with market context.
Dating to 1903 and renovated in 2026, this 1,478-square-foot office building in downtown Hattiesburg offers four private offices. The interior includes a foyer suited to reception and waiting, a connecting hallway, kitchenette, restroom, and rear file room. Exposed masonry, original plaster accents, wood-trimmed windows, and a high stained-wood ceiling with visible girders contribute to the interior character. At the street, a brick exterior, glass entry, broad storefront windows, and sconce lighting define the building’s frontage.
The property is on N Main Street, with public street parking and additional nearby parking. Restaurants, shops, and downtown businesses are also in the surrounding area.
The property is on N Main Street, with public street parking and additional nearby parking. Restaurants, shops, and downtown businesses are also in the surrounding area.
Key Highlights
- 1,478‑square‑foot office building, constructed in 1903 and renovated in 2026
- Four separate offices connected by a hallway
- Foyer, kitchenette, one restroom, and file room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,451
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,020
$249.0K
Cap Rate 7%
$177,871
$177.9K
Cap Rate 9%
$138,344
$138.3K
Market Conditions
NOI Build-Up for 1,478 SF
Gross rent
$21.3K $14.40/SF
− Vacancy
−$4.7K −$3.17/SF
EGI
$16.6K $11.23/SF
− OpEx
−$4.2K −$2.81/SF
NOI
$12.5K $8.42/SF
Area
Forrest County, MS
Vacancy
22.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,020
Cap Rate 7%
$177,871
Cap Rate 9%
$138,344
Alternative Uses
Best Use
Office B
$177.9K
$155.6K – $207.5K
NOI $12,451 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$243.2K
$212.8K – $283.8K
NOI $17,027 @ 7.0% cap · market cap 8.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
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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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office property pairs traditional architectural details with a reception area, kitchenette, and dedicated support rooms.
Where is this office building located?
The property is located at 629 N Main St Hattiesburg, MS.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 1,478‑square‑foot office building, constructed in 1903 and renovated in 2026; Four separate offices connected by a hallway; Foyer, kitchenette, one restroom, and file room
