Restaurant Facility For Sale

Retail-Commercial for Sale
Catylist Listing ID: 30263639
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 6,970 SF
Gross Land Area: 39,666 SF
Sale Price: $1,000,000
Unit Price: $143.47 PSF
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Restaurant Facility For Sale
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/3/2019

Overview / Comments

Great restaurant opportunity across from The University of Southern Mississippi. This 6,970 SF facility is move-in ready. The business is currently in operation. FF&E included in sale. The parcel is 39,666 SF and located on the corner of the frontage of Hwy 49, Pearl St, and 25th Ave. There is approximately 129' of frontage. Cash to sellers.

Additional Details

Nearest MSA: Hattiesburg
County: Forrest
Taxing Authority: Hattiesburg/Forrest County
Tax ID/APN: 2-028J-08-189.00
Zoning: B-3
Retail Clientele: General, Family, Business
Property Located Between: CVS and Glory Bound Gyro Company
Property Visibility: Excellent
Largest Nearby Street: Hwy 49
Feet of Frontage: 129
Traffic/Vehicle Count: 29,000
Highway Access: This site has access from Hwy 49.
Site Description: This 6,970 SF facility is move-in ready. FF&E included in sale. The parcel is 39,666 SF and located on the corner of the frontage of Hwy 49, Pearl St, and 25th Ave, 1 block from Hardy St. There is approximately 129' of frontage.
Area Description: The area is host to The University of Southern Mississippi, Forrest General Hospital, Hattiesburg Clinic, and an abundance of retail and residential.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 6,970 SF
Property Condition: Average
Year Built: 1988
Year Renovated: 2008
Construction/Siding: Metal Siding
Total Parking Spaces: 63
Parking Type: Surface
Zoning Description: B-3
Lot Frontage: 129
Lot Depth: 274
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM AT THE SE/COR OF LOT 12 BLK 13 OF THE HATTIESBURG HEIGHTS 2NS SUR BEG THE NORTH SIDE OF PEARL ST AND THE WEST SIDE OF NORTH 25TH AVE; S08/T04N/R13W, HATTIESBURG, FORREST COUNTY, MS

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,784 45,865 67,035
Median Age: 27.87 30.62 31.32
Households: 5,556 18,554 26,743

Contact

Photograph of Listing Agent

Josh Blackledge, CCIM

SVN - Southgate Realty LLC MSCREX Member
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