Two-Building Retail Investment
6401 US 49 Hattiesburg, MS 39401
For Sale
Contact for pricing
Property includes one renovated, leased building and an adjoining vacant storefront with ample parking and highway access.
Property Size6,117 SF
Price / SF$107.88
Days on Market13
Property Features for 6401 US 49
General Information
- Standard status
- Active
- Size
- 6,117 SF
- Property subtype
- Retail, Business for Sale
Listing Agency:
B & Co. Realty
Listed By:
Bruna Bezerra · License #B-23554
Source:
Crexi
Added: Jul 11
Changed: Jul 23
Last Checked: Jul 23 at 5:30AM
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 B & Co. Realty
Investment Insights
Based on property information with market context.
Located at 6401 US 49 in Hattiesburg, this retail property offers an owner-occupant and investor mix, with a single street presence that actually includes two separate commercial buildings on two individual parcels. One building is currently occupied by a long-term tenant and has undergone substantial renovations and improvements, producing $3,000 per month in rental income. The adjoining building is vacant, providing flexibility for an owner-occupant or another tenant assignment.
The property is positioned directly on US Highway 49, benefitting from high-visibility frontage and convenient access along a primary commercial corridor. Ample parking is available onsite, and the site offers opportunities for prominent signage.
For buyers seeking both immediate income and the ability to tailor the vacant space to their needs, the configuration of occupied and vacant buildings on separate parcels is a practical advantage.
The property is positioned directly on US Highway 49, benefitting from high-visibility frontage and convenient access along a primary commercial corridor. Ample parking is available onsite, and the site offers opportunities for prominent signage.
For buyers seeking both immediate income and the ability to tailor the vacant space to their needs, the configuration of occupied and vacant buildings on separate parcels is a practical advantage.
Key Highlights
- On US Highway 49 in Hattiesburg, with convenient access along a primary commercial corridor.
- Two separate commercial buildings on two individual parcels: one leased, one vacant.
- Leased building is occupied by a long‑term tenant generating $3,000 per month in rental income.
Financial Insights For 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 | $73.4k | $12.00 |
| − Vacancy | −$6.2k | −$1.02 |
| EGI | $67.2k | $10.98 |
| − OpEx | −$20.1k | −$3.29 |
| NOI | $47.0k | $7.69 |
6,117 SF · lease $12.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$671.6K
$587.7K – $783.6K
NOI $47,015 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.01M
$880.9K – $1.17M
NOI $70,468 @ 7.0% cap · market cap 10.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
FAQs
What type of property is this?
Retail space - Property includes one renovated, leased building and an adjoining vacant storefront with ample parking and highway access.
Where is this retail space located?
The property is located at 6401 US 49 Hattiesburg, MS.
What is the asking price?
The asking price for this property is $659,900.
What are key features of this property?
This property features: On US Highway 49 in Hattiesburg, with convenient access along a primary commercial corridor.; Two separate commercial buildings on two individual parcels: one leased, one vacant.; Leased building is occupied by a long‑term tenant generating $3,000 per month in rental income.
