2400 Lincoln RdHattiesburg, MS 39402

Property Details for 2400 Lincoln Rd

Year built

1970

Property size (Sq ft)

1,584 SF

Property type

Retail properties

Property subtype

Self service car washes

APN

2-039G-17-201.00

APU

2039G1720100

Description

This exceptional 1,908 square foot commercial retail space, located at 2400 Lincoln Rd in Hattiesburg, Mississippi, presents a unique investment opportunity. Currently operating as a fully occupied, manual self-car wash, this property offers significant flexibility for future use. The building's zoning allows for a variety of configurations, including office space, retail space, or a combination office/distribution setup. The property is situated in Forrest County, Mississippi, zip code 39402, and boasts a prime location with excellent visibility and accessibility. The lease type is NNN (Net, Net, Net), indicating that the tenant is responsible for most operating expenses. The current tenancy is single, with 100% occupancy. The owner is open to considering a ground lease or build-to-suit (BTS) arrangement, providing potential buyers with considerable adaptability to their specific needs and vision. The asking price is negotiable and will be determined based on the final specifications and requirements of the end-user. This property represents a rare chance to acquire a versatile commercial space in a thriving Mississippi market. The latitude and longitude coordinates are 31.3039064 and -89.3271612 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $369,254

  6.5%

  $340,850

  7%

  $316,503

• Comparable approach

  Method

  Valuation

  Relative Method

  $304,489

  Geo Method

  $283,769

• Alternative Use

  Use

  Valuation

  Residential

  $287,519

  Hospitality

  $263,366

  Educational

  $219,118

  Medical

  $226,653

  Retail

  $340,850

Location Insight

City

Hattiesburg

County

Forrest

State

Mississippi

Latitude

31.3039

Longitude

-89.3272

CBSA code

25620

CBSA name

HATTIESBURG, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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