Restaurant Investment Opportunity

Retail-Commercial for Sale
Catylist Listing ID: 30263668
Property Subtypes: Free-Standing Building, Restaurant, Other
Building Size (RSF): 4,048 SF
Gross Land Area: 43,750 SF
Sale Price: $980,000
Unit Price: $242.09 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Restaurant Investment Opportunity
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2019

Overview / Comments

Investment opportunity located across from The University of Southern Mississippi. The property is currently under lease terms with Glory Bound Gyro Company. Lease information available upon request. The business is operating, please do not bother the clientele or employees. Schedule all showings through the listing office.

Attachments & Media

Additional Details

Nearest MSA: Hattiesburg
County: Forrest
Taxing Authority: Hattiesburg, Forrest County
Tax ID/APN: 2-028J-08-190.00
Zoning: B-3
Retail Clientele: General, Family, Business, Other
Property Visibility: Excellent
Largest Nearby Street: Hwy 49
Feet of Frontage: 182
Traffic/Vehicle Count: 29,000
Highway Access: Access to Hwy 49
Site Description: This site is located directly across from The University of Southern Mississippi. The parcel is approximately 43,750 SF with access from 25th Ave and the Hwy 49 frontage. The structure is approximately 3,280 SF. Zoned B-3. The tenant is currently under lease terms until Sept 2019, with an option to renew.
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: 3,280 SF
Property Condition: Average
Year Built: 1993
Parking Type: Surface
Zoning Description: B-3
Lot Frontage: 182.49
Lot Depth: 275
Water Service: Municipal
Sewer Type: Municipal
Legal Description: COM AT THE SE/COR OF LOT 12 OF BLK 13 OF HATTIESBURG HEIGHTS 2ND SUR BEG THE NORTH SIDE OF PEARL ST AND THE WEST SIDE OF NORTH 25TH AVE

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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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