1000 Broadway DrHattiesburg, MS 39401

Property Details for 1000 Broadway Dr

Year built

1970

Construction

WOOD

Lot size

13.49 AC

Property size (Sq ft)

95,189 SF

Property type

Retail space

APN

2-038E-16-008.00

APU

2038E1600800

Description

This exceptional retail property, located at 1000 Broadway Drive in Hattiesburg, Mississippi, offers a unique opportunity for businesses seeking prime commercial space. The single-story building, constructed in 1970, boasts a total of 111,675 square feet situated on a generous 13.8-acre lot. Currently, there are multiple spaces available for lease, with a minimum divisible space of 2,600 square feet and a maximum contiguous space of 25,006 square feet. A significant 32,396 square feet is currently vacant, presenting a substantial opportunity for expansion or new tenancy. The property's location in Forrest County, with a Hattiesburg zip code of 39401, provides excellent visibility and accessibility. This is an ideal location for businesses seeking high traffic and a strong customer base. The property's single-story design offers convenient access and ample parking. The flexible space options cater to a wide range of business needs, from smaller retail outlets to larger-scale operations. Don't miss this chance to secure your place in this thriving Hattiesburg commercial center. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional property.

• CAP approach

  CAP return

  Valuation

  6%

  $16,665,900

  6.5%

  $15,383,900

  7%

  $14,285,100

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,551,550

  Geo Method

  $7,037,670

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $29,326,800

  Mixed-Use / Specialty

  $15,601,200

  Hospitality / Lodging

  $11,800,400

  Office

  $15,791,900

  Institutional / Educational

  $16,316,200

  Residential Income

  $19,090,000

  Multifamily

  $21,387,000

  Automotive / Energy

  $13,985,300

  Parking / Income-Based Land

  $4,557,330

  Restaurant / Food Service

  $8,695,010

  Healthcare / Senior Housing

  $15,719,700

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3077

Longitude

-89.3135

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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