Excellent value-add potential with price well-justified at 10% cap rate and current market rents. Large warehouse is 17,000 square feet and owner occupied. Second commercial building is 2,000 square feet. Third commercial building is 1,000 square feet with a roughly 200 square foot detached office. A fourth lot has utilities and is ready for another commercial building. The property also features three income-producing billboards.
With the Tillery subdivision nearby, the large warehouse would make an excellent candidate for development into storage units or sport vehicle storage.
|
DAYS ON MARKET
|
93
|
LAST UPDATED
|
3/3/2025
|
|
TRACT
|
None
|
YEAR BUILT
|
0
|
|
COMMUNITY
|
Laurel
|
COUNTY
|
Jones
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Commercial
|
| AREA |
Laurel |
| CONSTRUCTION |
See Remarks |
| LOT DIMENSIONS |
12.69 acres mol |
| SUBDIVISION |
None |
| TAXES |
5300 |
| ZONING |
None |
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Listing provided by John Dew, Magnolia Real Estate
Data provided from the Hattiesburg Area Association of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
This IDX solution is (c) Diverse Solutions 2025.
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