101 35Th AveHattiesburg, MS 39401

Property Details for 101 35Th Ave

Year built

1994

Property size (Sq ft)

1,300 SF

Property type

Office properties

Property subtype

Other office properties

APN

2-028L-07-191.00

APU

2028L0719100

Description

This exceptional single-tenant executive office suite, located at 101 N 35th Ave in Hattiesburg, Mississippi, presents a unique investment opportunity. The property boasts a total building size of 1,639 square feet, with 1,321 square feet currently vacant and ready for immediate occupancy. Situated on a 0.38-acre lot, this Class C building offers a convenient and functional workspace. Constructed in 1994, the single-story structure provides ample space for a variety of business needs. The property's location in Forrest County, with a Hattiesburg zip code of 39401, offers easy access to local amenities and transportation routes. The property is ideal for businesses seeking a standalone office space with ample room for expansion or those looking for a cost-effective solution in a desirable location. The single-tenant occupancy provides a streamlined management experience. This is a rare opportunity to acquire a well-located, functional office space in a thriving Mississippi market. The property's size and layout offer flexibility for various business configurations. Serious inquiries are encouraged to explore this promising investment prospect. Further details are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $214,267

  6.5%

  $197,785

  7%

  $183,658

• Comparable approach

  Method

  Valuation

  Relative Method

  $99,165

  Geo Method

  $92,417

• Alternative Use

  Use

  Valuation

  Residential

  $245,254

  Hospitality

  $224,651

  Educational

  $186,907

  Medical

  $193,335

  Retail

  $290,744

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3252

Longitude

-89.3417

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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