Property profile

29 Rivers Dr Hattiesburg, MS 39401

OFF-MARKET
Office Spaces
42,253 SF 16.52 ac lot Built 2020
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Property summary

AI-generated overview

This exceptional Class A commercial property, located at 29 Rivers Dr in Hattiesburg, Mississippi, presents a unique investment opportunity. The single-story, 42,253 square foot building, constructed in 2020, sits on a 16.52-acre lot and offers versatile space ideal for a variety of uses, including executive offices, retail, or restaurants. The asking price is $285,000, translating to $6.70 per square foot. The land itself offers significant value at $6.75 per square foot. The property boasts 24 parking spaces and benefits from its strategic location, just 2.4 miles from I-59, in a thriving market with high visibility. With 16,000 vehicles passing daily, this 0.97-acre parcel provides excellent frontage on Evelyn Gandy Parkway, adjacent to existing restaurants, retail, and office spaces. The property's size and location make it an attractive option for businesses seeking a prominent presence in a high-traffic area. This is a single-tenancy building offering significant potential for growth and return on investment. The property is zoned for commercial use and offers many options for development and expansion. The five remaining parcels in this area present additional investment opportunities.

Property profile

Verified
Property type Office Spaces
Year built 2020
Total area 42,253 SF
Lot 16.52 ac (719,611 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

29 Rivers Dr Hattiesburg, MS 39401
Hattiesburg metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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