For Lease
$5.84/SF/YR

316 Hardy StHattiesburg, MS 39401

Freestanding Retail Building - Excellent Potential

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 3,801 square foot freestanding retail building, situated on a 0.15-acre lot in Forrest County, presents a unique investment opportunity. Built in 1937, the single-story structure is currently vacant, offering a blank canvas for a new tenant or owner-occupier. The property's single-tenant occupancy history simplifies management and leasing efforts. While the building is in need of some improvements, a proposed new roof is planned, and tenant improvement allowances are negotiable, potentially including rent abatement. This flexibility allows for customization to suit a variety of retail concepts. The property's location on Hardy Street offers excellent visibility and accessibility. The sale is contingent upon the closing of an existing purchase agreement by December 31, 2024, and the planned vacation of the current lessee. This presents a chance to acquire a well-positioned retail space at a potentially advantageous price point, allowing for significant value-add potential through renovations and lease-up. The property's size and location make it ideal for a variety of retail uses, from small businesses to larger operations seeking a high-visibility location. Serious inquiries are encouraged to explore this promising investment opportunity. The total building square footage is 3,801 square feet, with the entire space currently vacant.

Highlights

  • 3,801 SF freestanding retail building on a 0.15-acre lot in Forrest County.
  • Single-tenant occupancy; currently vacant.
  • Built in 1937; one story.
  • Property is subject to a pending sale closing by 12/31/2024, contingent on tenant vacating.
  • Negotiable tenant improvements (TI) are available, potentially with reduced or abated rent; a new roof is proposed.

Property Details for 316 Hardy St

Property type
Retail properties, Freestanding property
RSF (Rentable sq. ft)
3,801 SF
Year Built
1937
Buildings
1
Stories
1

Unit(s) available at that property

Space
Available Space
Size
3,801 SF
Rate per SF
$5.84

Location Insight

City
Hattiesburg
County
Forrest
State
Mississippi
Latitude
31.3245642
Longitude
-89.2966286
316 Hardy St, Hattiesburg, Mississippi

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Contacts

Andy Stetelman,SIOR,GRI
Andy Stetelman,SIOR,GRI
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316 Hardy St, Hattiesburg, Mississippi, 39401

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

316 Hardy St
  • Andy Stetelman,SIOR,GRI
    Andy Stetelman,SIOR,GRI
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