312 Green StHattiesburg, MS 39401

Property Details for 312 Green St

Year built

1982

Property size (Sq ft)

16,410 SF

Property type

Retail properties

Property subtype

Retail space

APN

2-029K-09-269.00

APU

2029K0926900

Description

This exceptional commercial property, located at 312 Green St. in Hattiesburg, MS, presents a unique investment opportunity. Boasting an impressive 25,000 square feet of space, this building previously served as a daycare and after-school facility, offering a highly adaptable layout suitable for a wide range of businesses. The interior features numerous spacious rooms and common areas, providing flexibility for diverse operational needs. Six conveniently located bathrooms cater to both staff and clients, ensuring comfort and convenience. An elevator efficiently connects the first and second floors, enhancing accessibility throughout the building. The property also includes nearly an acre of land, offering ample space for expansion, parking, or landscaping enhancements. Its central location near Downtown Hattiesburg ensures excellent visibility and accessibility, making it an ideal choice for businesses seeking a prominent presence. The property's versatility makes it suitable for a variety of uses, including educational facilities, daycare centers, after-school programs, offices, healthcare facilities, community centers, or even retail space. The substantial size and adaptable layout offer significant potential for growth and expansion, making this a truly remarkable commercial property. The asking price is $485,000.

• CAP approach

  CAP return

  Valuation

  6%

  $3,825,414

  6.5%

  $3,531,151

  7%

  $3,278,926

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,154,459

  Geo Method

  $2,939,799

• Alternative Use

  Use

  Valuation

  Residential

  $2,978,658

  Hospitality

  $2,728,435

  Educational

  $2,270,026

  Medical

  $2,348,096

  Retail

  $3,531,151

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3281

Longitude

-89.2976

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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