511 Laurel AveHattiesburg, MS 39401

Property Details for 511 Laurel Ave

Year built

1993

Property size (Sq ft)

4,131 SF

Property type

Medical offices

Property subtype

Medical centers

APN

2-029O-10-112.00

APU

2029O1011200

Description

This exceptional mixed-use property, located at 511 W Laurel Ave in Hattiesburg, Mississippi, presents a diverse opportunity for various business ventures. The vacant building, constructed in 1993, offers 4,400 to 4,700 square feet of space spread across two stories within a single building. The adaptable layout includes multiple office spaces, a reception area, and exam rooms on the ground floor, perfect for medical or professional office use. Upstairs, a flexible layout features an additional bathroom and kitchenette. The property sits on a 0.91-acre lot, providing ample space for parking or future expansion. Its prime location in the thriving Downtown Hattiesburg area offers easy access to the amenities and vibrancy of the Pine Belt region. The asking price is $389,900. The property's Assessed Parcel Number (APN) is 238-0444-073-009.00. This versatile space is ideal for creative offices, medical offices, or traditional office settings, offering significant potential for growth and success. The property is currently vacant and ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $655,100

  6.5%

  $604,708

  7%

  $561,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $315,116

  Geo Method

  $293,673

• Alternative Use

  Use

  Valuation

  Residential

  $749,838

  Hospitality

  $686,847

  Educational

  $571,449

  Medical

  $591,102

  Retail

  $888,921

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3228

Longitude

-89.2904

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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