Property profile

6507 Hwy 49 Hattiesburg, MS 39401

OFF-MARKET
Specialty properties
2,603 SF 1.03 ac lot
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Property summary

AI-generated overview

This exceptional investment opportunity presents a vacant, single-story commercial building formerly used as a car wash. Located at 6507 Highway 49 North in Hattiesburg, Mississippi, this property boasts a prime location adjacent to a Shell C-Store at N 31st Ave, ensuring high visibility and potential for strong traffic flow. The 2,603 square foot building sits on a 1.03-acre lot, offering ample space for redevelopment or repurposing. The asking price is $254,826, translating to $97.90 per square foot. The land value alone is substantial, calculated at $4,264,395 per acre. The property is currently vacant, presenting a blank canvas for a new business venture or an opportunity for a savvy investor to capitalize on its strategic location and significant land value. The lease type is NNN (Net, Net, Net), meaning the tenant is responsible for most operating expenses. This is a single-tenancy property, offering simplicity and control. The property's zoning and potential uses should be verified independently. This is a rare chance to acquire a well-situated commercial property in a growing area with significant upside potential. The property is located in Forrest County, Mississippi, zip code 39401.

Property profile

Verified
Property type Specialty properties
Total area 2,603 SF
Lot 1.03 ac (44,867 SF)

Cap rate & NOI

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

Location

6507 Hwy 49 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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