Office Space For Sale/Lease

Office for Sale
Catylist Listing ID: 30462375
Property Subtypes: Business Park, Medical, Office Building
Building Size (RSF): 5,179 SF
Gross Land Area: 0.48 Acres
Sale Price: $457,500
Unit Price: $88.34 PSF
Property Use Type: Net Leased Investment (NNN), Vacant/Owner-User, Business
Building Name: 101 Madison Plaza
Class of Space: Class B
Usable Size (USF): 5,179 SF
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/3/2019

Overview / Comments

The site is improved with a 2-story professional office building containing 5,179 SF of gross leasable area. The parcel contains approximately 21,000 SF (or .48 acres), with dimensions of 150' x 140'. The parcel is at road grade with 27 marked parking spaces. The layout consists of 20 offices, conference room, 2 restrooms on each floor, reception area, foyer/waiting area, kitchenette, and breakroom.

Attachments & Media

Additional Details

Nearest MSA: Hattiesburg
County: Forrest
Taxing Authority: Hattiesburg/Forrest County
Tax ID/APN: 2-039G-17-096.00
Zoning: B-1 (PROFESSIONAL BUSINESS DISTRICT)
Property Located Between: Hardy St and Lincoln Rd
Property Visibility: Good
Site Description: The site is improved with a 2-story professional office building containing 5,179 SF of gross leasable area. The parcel contains approximately 21,000 SF (or .48 acres), with dimensions of 150' x 140'. The parcel is at road grade with 27 marked parking spaces.
Area Description: The remote business area consists primarily of medical and office space. The University of Southern Mississippi, Forrest General Hospital, and Hattiesburg Clinic are located within a few blocks.
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 2,589 SF
Year Built: 1987
Exterior Description: The structure is situated on a slab foundation, wood framed, with a gabled and asphalt shingle roof, and brick veneer exterior walls.
Parking Ratio: 5.2 (per 1000 SF)
Parking Type: Surface
Parking Description: Concrete parking lot located on the east and north side of the building containing a total of 27 marked spaces.
Total Parking Spaces: 27
Interior Description: The layout consists of 20 offices, conference room, 2 restrooms on each floor, reception area, foyer/waiting area, kitchenette, and breakroom.
Zoning Description: B-1 (Professional Business District)
Lot Frontage: 150
Lot Depth: 140
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,725 46,563 66,995
Median Age: 39.31 30.59 31.12
Households: 3,825 18,825 26,739

Contact

Photograph of Listing Agent

Josh Blackledge, CCIM

SVN - Southgate Realty LLC MSCREX Member
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