10 Lee AveHattiesburg, MS 39401

Property Details for 10 Lee Ave

Year built

1994

Lot size

1.80 AC

Property size (Sq ft)

3,075 SF

Property type

Retail properties

Property subtype

Retail space

APN

1-054 -24-018.00

APU

10542401800

Description

This exceptional 175,000 USD commercial/industrial metal building is strategically located on the corner of US Highway 49 South and Lee Avenue, providing unparalleled visibility and accessibility. Situated at the Northgate entrance to Camp Shelby and just one mile from the Southgate entrance, this property benefits from high traffic counts and a prominent position. Previously operating as an army surplus store for over two decades, the building offers a spacious, open-concept interior layout, including dedicated office areas and restrooms. Two main entrances and exits ensure efficient flow, complemented by ample parking possibilities. The building's versatile design lends itself to a wide range of uses, including restaurants, retail or wholesale outlets, churches, auto/truck repair shops, service centers, and many other commercial ventures. Its high visibility and strategic location present a significant opportunity for profit generation or rental income. The property's size is not specified, but its substantial footprint and numerous features make it an attractive investment opportunity in a thriving area. The building's metal construction suggests durability and low maintenance costs. This property offers a unique blend of location, versatility, and potential, making it an ideal investment for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $716,828

  6.5%

  $661,687

  7%

  $614,424

• Comparable approach

  Method

  Valuation

  Relative Method

  $591,101

  Geo Method

  $550,876

• Alternative Use

  Use

  Valuation

  Residential

  $558,158

  Hospitality

  $511,270

  Educational

  $425,370

  Medical

  $440,000

  Retail

  $661,687

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.2119

Longitude

-89.2611

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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