Property profile

5173 W 4Th St Hattiesburg, MS 39402

FOR SALE
Turn key restaurants
Property ID
US50-0153600
4,350 SF 0.87 ac lot Built 1999
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Hattiesburg, Mississippi restaurant and retail space presents a lucrative investment opportunity. Located at 5173 W 4th St, in Lamar County, this 7,955 square foot property sits on a 0.81-acre lot and boasts a prime location. Built in 1999, the two-story building is currently 100% occupied and features a fully equipped kitchen, ready for immediate operation. The asking price of $1,600,000 includes all furniture, fixtures, and equipment, a significant advantage for a seamless transition. This turnkey operation also includes three commercial fermenters, adding further value to the sale. The spacious layout encompasses two floors of dining space, complemented by a heated and cooled outdoor patio, perfect for expanding seating capacity and creating a welcoming atmosphere. The property's classification as both restaurant and retail allows for diverse operational strategies. Noteworthy is Lamar County's recent shift to a "wet" county status following a public vote, opening up additional revenue streams. This is a bank foreclosure/ORE opportunity, presenting a unique chance to acquire a thriving establishment in a growing market. The price per square foot is $201.13. This property is a single-tenancy building.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1999
Total area 4,350 SF
Lot 0.87 ac (37,897 SF)
APN 051E-02-010.001
UPID US50-0153600

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Advocacy Group Social Service Agency

Location

5173 W 4Th St Hattiesburg, MS 39402
Hattiesburg metro Census 20306 HATTIESBURG, MS METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
Price N/A
2018
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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