For Sale
$3,500,000

6184 Us-98Hattiesburg, MS 39402

High-return office investment, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a prime 30,174 square foot, two-story Class C executive office building situated on a 1.73-acre lot in Hattiesburg, Mississippi. Located at 6184 US-98, this multi-tenant property boasts 23,747 square feet of net rentable space, currently enjoying 100% occupancy across four units. The asking price is $3,500,000, translating to a price per square foot of $147.39 and an estimated 8.00% cap rate. The property is held by an LLC and features a modified lease type. This institutional-grade investment includes not only the existing office building but also an additional 2.79+ acres of adjacent land to the south, significantly increasing its potential. The building is comprised of one structure and is categorized as an executive office property. The substantial land footprint offers significant future development possibilities. This is a rare opportunity to acquire a fully occupied, high-yield commercial property with considerable expansion potential in a desirable Hattiesburg location. The property's strategic location on US-98 provides excellent visibility and accessibility. This is a strong investment for those seeking immediate cash flow and long-term growth potential.

Property Details for 6184 Us-98

Property type
Office properties
Square Feet
30,174 SF
Class
C
Buildings
1
Stories
2
Lot Size (sq. ft)
75,359 SF
Units
4

Location Insight

City
Hattiesburg
County
Lamar
State
Mississippi
Latitude
31.3195577
Longitude
-89.3891801
6184 Us-98, Hattiesburg, Mississippi

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6184 Us-98
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