6093 Us-98 Hattiesburg, MS 39402
This exceptional 4,911 square foot retail property, situated on a 0.97-acre lot in Hattiesburg, Mississippi, presents a compelling investment opportunity. Located at 6093 US Highway 98, this single-story building boasts a prime location as an outparcel to the bustling Turtle Creek Crossing Shopping Center, benefiting from high visibility and accessibility via Hardy Street (Highway 98) and a secondary rear entrance. The property's strategic position within Hattiesburg's most heavily trafficked retail corridor ensures significant exposure to a large customer base. Its proximity to Interstate 59 further enhances its accessibility. The surrounding area is anchored by major retailers including Target, Kohl's, Ross, Home Goods, Five Below, PetSmart, Dillard's, Dick's Sporting Goods, JC Penney, Academy Sports, Walmart Supercenter, Sam's Club, and a new Aldi. The nearby Merit Health Wesley corridor, encompassing a major hospital and numerous medical office buildings, adds to the property's desirability. Previously a financial institution, the building features a spacious lobby, ample parking for 18 vehicles, and six drive-thru lanes, offering significant operational flexibility. The property is zoned B-5, offering potential for various retail uses. This is a rare opportunity to acquire a well-positioned, high-traffic retail property in a thriving market. The asking price is $1,700,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.