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    4400 Hardy St Hattiesburg, MS 39402

    For Sale
    $14,100,000

    Hattiesburg, MS Retail Investment

    Property size:
    78,227 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This established 78,227 square foot shopping center in Hattiesburg, Mississippi, presents a compelling investment opportunity. Located on a 9.41-acre lot at 4400 Hardy Street, this Class B property features three buildings and boasts a 98.1% occupancy rate. Anchored by Harbor Freight and Michaels, the center benefits from a diverse tenant mix across 16 units, including Walk-On's, which recently received a new roof (landlord responsible for roof, exterior walls & foundation). Built in 1982 and renovated in 2020, the property generates a strong NOI of $1,048,148, representing a 7.43% cap rate at an asking price of $14,100,000 ($180.24/SF). The property offers 330 parking spaces and benefits from its location on a major retail corridor with over 63,000 vehicles passing daily. An assumable, non-recourse loan with a 3.88% fixed rate and a maturity date of 5/1/31, with a balance of approximately $7,450,000, provides significant financial flexibility. The property is situated in a thriving community, benefiting from the presence of two major universities and a robust local economy. This stabilized investment offers a rare opportunity to acquire a high-performing retail asset in a desirable location. The property is a shadow anchor to Winn-Dixie.

    Property Features for 4400 Hardy St

    General Information

    Property type
    Lifestyle centers
    Square Feet
    78,227 SF
    Class
    B
    Lot Size
    409,900 SF

    Building Details

    Year Built/Renovated
    1982/2020
    Buildings
    3
    Units
    16

    HighLights

    • Assumable CMBS loan with a 3.88% fixed interest rate.
    • Maturity date of 5/1/31.
    • Loan balance of approximately $7,450,000, non‑recourse.
    • Landlord responsible for roof, exterior walls, and foundation of Walk‑On's.
    • Shadow‑anchored to Winn‑Dixie grocery store.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Harbor Freight Tools Hardware Store Coinstar Kiosk | Bitcoin ... Atm Michaels Custom Framing Picture Frame Shop Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    Lamar
    State
    Mississippi
    Longitude
    -89.35595339221
    Latitude
    31.32223149554

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    FAQs

    What type of property is this?
    Lifestyle center - Hattiesburg, MS Retail Investment
    Where is this lifestyle center located?
    The property is located at 4400 Hardy St Hattiesburg, MS.
    What is the asking price?
    The asking price for this property is $14,100,000.
    What are key features of this property?
    This property features: Assumable CMBS loan with a 3.88% fixed interest rate.; Maturity date of 5/1/31.; Loan balance of approximately $7,450,000, non-recourse.
    Request Owner's contact information
    4400 Hardy St Hattiesburg, MS 39402
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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
    4400 Hardy St Hattiesburg, MS 39402
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