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    FOR SALE
    Turn key restaurants

    5173 W 4Th St, Hattiesburg, MS 39402

    4,350 SF 0.87 ac lot Built 1999
    Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US50-0153600
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Marine Corps League Cominsky-Wheat Detachment Advocacy Group Social Service Agency
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    14th Colony Lamar Ms LLC · 7 yrs held
    14th Colony Lamar Ms LLC
    since 2018
    3 recorded transactions
    2018
    2018
    2018
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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