602 Adeline StHattiesburg, MS 39401

Property Details for 602 Adeline St

Year built

1985

Construction

TYPE NOT SPECIFIED

Property size (Sq ft)

6,600 SF

Property type

Office properties

Property subtype

Other office properties

APN

2-029N-09-209.00

APU

2029N0920900

Description

This exceptional Hattiesburg office property, located at 602 Adeline Street, offers flexible coworking and flex space options in a unique setting. The property comprises a single, one-story building totaling 7,172 square feet situated on a 0.43-acre lot. Currently, there are 250 square feet of vacant space available, divisible into units as small as 100 square feet and with a maximum contiguous space of 150 square feet. The building is classified as Class C and features multiple tenancies, making it ideal for a variety of businesses. This charming office park is conveniently located near downtown Hattiesburg and consists of several renovated older homes repurposed into attractive and affordable office suites. The property's unique character provides a quiet and quaint environment, perfect for both startups testing the market and established businesses seeking a relocation. The property's APN is 2-029N-09-209.00 and is situated in Forrest County. This is a rare opportunity to secure affordable and flexible office space in a desirable location. The minimum leasable space is 100 square feet, while the maximum contiguous space available is 150 square feet.

• CAP approach

  CAP return

  Valuation

  6%

  $1,046,638

  6.5%

  $966,127

  7%

  $897,118

• Comparable approach

  Method

  Valuation

  Relative Method

  $503,454

  Geo Method

  $469,194

• Alternative Use

  Use

  Valuation

  Residential

  $1,197,998

  Hospitality

  $1,097,360

  Educational

  $912,990

  Medical

  $944,389

  Retail

  $1,420,207

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3242

Longitude

-89.2974

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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