Retail/Office/Medical In Opportunity Zone

Retail-Commercial for Sale
Catylist Listing ID: 30294700
Property Subtypes: Free-Standing Building, Street Retail, Other
Building Size (RSF): 2,986 SF
Gross Land Area: 50,878 SF
Sale Price: $455,500
Unit Price: $152.55 PSF
Property Use Type: Vacant/Owner-User, Business
Building Name: Retail/Office/Medical in Opportunity Zone
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/17/2019

Overview / Comments

Great opportunity for an owner/user or investor for future tenant use located within an Opportunity Zone. The subject site is a somewhat irregularly shaped parcel of land containing 1.168 acres, or 50,878 SF. The frontage is 159.06' along Sawmill Road, with topography being level and at street grade. All city utilities are available to the site. The structure is a 2,986 SF, single story, retail building that is currently in operation. Please do not disturb the business or employees.

Additional Details

Nearest MSA: Laurel
County: Jones
Taxing Authority: Laurel/Jones County
Tax ID/APN: 119B-06-10-020.01
Zoning: C-3; GENERAL COMMERCIAL DISTRICT
Retail Clientele: General, Business, Other
Property Located Between: McAlister's Deli/Sawmill Square Mall
Property Visibility: Excellent
Largest Nearby Street: Sawmill Road/Hwy 15
Feet of Frontage: 159
Traffic/Vehicle Count: 9,800
Highway Access: This site is a few blocks away from 16th Ave (Hwy 15) and I-59
Site Description: The subject site is a somewhat irregularly shaped parcel of land containing 1.168 acres, or 50,878 SF. The frontage is 159.06' along Sawmill Road, with topography being level and at street grade. All city utilities are available to the site. The structure is a 2,986 SF, single story, retail building that is currently in operation.
Area Description: The area is comprised primarily of retail and medical. The local mall and historic downtown are within a few blocks from the subject property, along with Laurel City schools.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 2,986 SF
Property Condition: Good
Year Built: 1998
Construction/Siding: Brick/Vinyl Siding
Exterior Description: The building is constructed on a concrete slab, has brick veneer exterior walls, and a metal roof. The trim appears to be vinyl. Windows are insulated. The front porch contains 92 SF. The site is improved with 21,027 SF of asphalt pavement, 1,170 SF of concrete sidewalks, and 362 LF of concrete curbing and gutters.
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Interior Description: Subject has a large, open, retail area which has ceramic tile and carpet. The walls and ceiling are sheetrock and the lighting is recessed or track. The ceiling height in the retail area is 12 feet. The remainder of the building contains four dressing rooms, fitting/alteration room, a storage room with built-in shelving, a private office, lounge area, and storage room with exterior door, 2 half baths, and a hallway. In these areas, the ceiling height is 9 feet. The building has 2 electric heating units and has central air conditioning.
Zoning Description: C-3 (General Commercial District); This commercial district is intended for personal, business, and retail services.
Lot Frontage: 159
Water Service: Municipal
Sewer Type: Municipal
Legal Description: In file

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,530 19,616 32,094
Median Age: 33.11 34.23 35.63
Households: 2,445 7,159 11,999

Contact

Photograph of Listing Agent

Josh Blackledge

SVN - Southgate Realty LLC Hattiesburg, MS 39402
MCAR Member
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