121 Lundy LnHattiesburg, MS 39401

Property Details for 121 Lundy Ln

Year built

1996

Property size (Sq ft)

13,525 SF

Property type

Retail properties

Property subtype

Retail space

APN

051J-12-011.000

APU

051J12011000

Description

This exceptional 10,400-square-foot single-tenant office building is available for lease in Hattiesburg, Mississippi. Situated on a 0.38-acre lot, this one-story structure is zoned B-3, offering versatile usage options. Ideal for a variety of businesses, including traditional office spaces, medical practices, or distribution centers. The property boasts a convenient breakroom and a dedicated shipping area, enhancing operational efficiency. The building currently houses a tenant, requiring a respectful move-out timeframe to be considered. The property's address is 121 Lundy Ln, Hattiesburg, MS 39401 (APN: 051J-12-011.000). This prime location provides excellent accessibility and visibility within the Hattiesburg market. The building's single-tenant occupancy ensures a streamlined and efficient leasing process. Interested parties are encouraged to inquire for further details and to schedule a viewing. The property offers a unique opportunity for businesses seeking a well-maintained, functional space in a desirable location. The ample square footage and versatile zoning make this property suitable for a wide range of commercial endeavors. The inclusion of amenities such as a breakroom and shipping area adds significant value and convenience. The existing tenant ensures a smooth transition and allows for a planned move-in date. Don't miss this chance to secure this exceptional commercial property in the thriving Hattiesburg market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,277,345

  6.5%

  $3,025,242

  7%

  $2,809,153

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,599,882

  Geo Method

  $2,422,960

• Alternative Use

  Use

  Valuation

  Residential

  $2,551,904

  Hospitality

  $2,337,531

  Educational

  $1,944,798

  Medical

  $2,011,683

  Retail

  $3,025,242

Location Insight

City

Hattiesburg

County

Lamar

State

Mississippi

Latitude

31.3278

Longitude

-89.3504

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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