235 Thornhill DrHattiesburg, MS 39402

Property Details for 235 Thornhill Dr

Year built

2016

Lot size

1.00 AC

Property size (Sq ft)

45,061 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

051J-12-004.000

APU

051J12004000

Description

This exceptional 1.1-acre commercial land parcel, located at 235 Thornhill Drive in Hattiesburg, Mississippi, presents a unique investment opportunity. Situated in Lamar County, this single-tenant property boasts a sizable 47,916 square feet of land, offering significant development potential. The property's zoning allows for a variety of commercial uses, including hospitality, retail, and retail-pad establishments. The address is conveniently located within Hattiesburg, providing easy access to major transportation routes and a thriving local market. The absence of existing buildings on the site allows for complete design flexibility, enabling prospective buyers to tailor the development to their specific needs and vision. This presents a blank canvas for creating a custom-built commercial property, perfectly suited for entrepreneurs and investors seeking to establish a strong presence in a dynamic Mississippi market. The asking price is negotiable, based on the merits of the lease terms. This is a rare opportunity to acquire a substantial commercial land parcel in a desirable location, offering significant upside potential for future growth and profitability. The property's size and location make it an attractive proposition for a wide range of commercial ventures. Detailed zoning information and development guidelines are readily available upon request. Don't miss this chance to secure a prime piece of Hattiesburg real estate.

• CAP approach

  CAP return

  Valuation

  6%

  $8,514,222

  6.5%

  $7,859,282

  7%

  $7,297,905

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,077,638

  Geo Method

  $7,527,958

• Alternative Use

  Use

  Valuation

  Residential

  $8,580,053

  Hospitality

  $7,859,282

  Educational

  $6,538,830

  Medical

  $6,763,711

  Retail

  $10,171,514

Location Insight

City

Hattiesburg

County

Lamar

State

Mississippi

Latitude

31.3313

Longitude

-89.3512

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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