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    316 Hardy St Hattiesburg, MS 39401

    Sponsored
    For Lease
    $5 SF/Yr ($1,849 /Mo)

    Freestanding Retail Building - Excellent Potential

    Lot size:
    3,801 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,801 square foot freestanding retail building, situated on a 0.15-acre lot in Forrest County, presents a unique investment opportunity. Built in 1937, the single-story structure is currently vacant, offering a blank canvas for a new tenant or owner-occupier. The property's single-tenant occupancy history simplifies management and leasing efforts. While the building is in need of some improvements, a proposed new roof is planned, and tenant improvement allowances are negotiable, potentially including rent abatement. This flexibility allows for customization to suit a variety of retail concepts. The property's location on Hardy Street offers excellent visibility and accessibility. The sale is contingent upon the closing of an existing purchase agreement by December 31, 2024, and the planned vacation of the current lessee. This presents a chance to acquire a well-positioned retail space at a potentially advantageous price point, allowing for significant value-add potential through renovations and lease-up. The property's size and location make it ideal for a variety of retail uses, from small businesses to larger operations seeking a high-visibility location. Serious inquiries are encouraged to explore this promising investment opportunity. The total building square footage is 3,801 square feet, with the entire space currently vacant.

    Property Features for 316 Hardy St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,801 SF
    Total Rate
    1849.82

    Building Details

    Year Built
    1937
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Available Space
    Size
    3,801 SF
    Rate per SF
    $5

    HighLights

    • 3,801 SF freestanding retail building on a 0.15‑acre lot in Forrest County.
    • Single‑tenant occupancy; currently vacant.
    • Built in 1937; one story.
    • Property is subject to a pending sale closing by 12/31/2024, contingent on tenant vacating.
    • Negotiable tenant improvements (TI) are available, potentially with reduced or abated rent; a new roof is proposed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bass Cleaners Dry Cleaner Buckos Cleaners Dry Cleaner Panthers Cleaners Dry Cleaner

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hattiesburg
    County
    Forrest
    State
    Mississippi
    Longitude
    -89.2966286
    Latitude
    31.3245642

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    FAQs

    What type of property is this?
    Individual retail property - Freestanding Retail Building - Excellent Potential
    Where is this individual retail property located?
    The property is located at 316 Hardy St Hattiesburg, MS.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 3,801 SF freestanding retail building on a 0.15-acre lot in Forrest County.; Single-tenant occupancy; currently vacant.; Built in 1937; one story.
    Request Owner's contact information
    316 Hardy St Hattiesburg, MS 39401
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    Hattiesburg, MS 39401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    316 Hardy St Hattiesburg, MS 39401
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