2575 Old Highway 24 - Office FOR SALE


Hattiesburg, MS 39402
$325,000 USD
601-520-0670
2575 Old Highway 24, Hattiesburg, MS for Sale
$325,000 USD
Office - FOR SALE
1/17
null | 9% Cap Rate

2575 Old Highway 24
Hattiesburg, MS 39402


HIGHLIGHTS

  • Near corridor intersection with 4,000-12,000 AADT
  • High Visibility 165 ft. of road frontage
  • Flex space near existing business

OVERVIEW

Investment Highlights | 2575 Old Hwy 24 Location + Growth Context ?Emerging Retail Corridor ?Positioned near the major 4-way stop at Old Hwy 24 & Old Hwy 11, an area experiencing increasing commercial activity and service-based demand. ?Traffic Exposure (AADT Estimates) ?Approximate traffic counts: ?? Old Hwy 24: ~12,000 AADT ?? Old Hwy 11: ~4,000 AADT ?(Buyer to independently verify traffic counts and sources.) ?Ingress / Egress Advantage ?Site offers ability to purchase additionally the additional 1.3 acres of this parcel, which would grant access from a primary roadway with connectivity to a secondary road, supporting circulation, and future retail usability. Building Improvements (±3,000–3,400 SF) ?Functional Layout ?? 4 offices (each with closets) ?? 3 restrooms ?? 2 large great rooms ?? Full kitchen ?? Laundry room ?Additional Features ?? Outdoor storage ?? Garage structure (no door) ?? Long driveway ?? Front land area suitable for on-site parking configuration/construction ?Construction & Character ?Late-1950s construction with wood siding, stone accents, and concrete flooring (partial carpet) — suitable for adaptive reuse or repositioning. Two large fireplaces Land Configuration ?±1.0 Acre Offered with Improvements ?Portion of a larger ±2.3-acre parcel. Replatting required prior to closing to convey the improved acre. ?Additional ±1.3 Acres Available ?Remaining land may be available separately, offering future development or assemblage potential (terms to be negotiated). Zoning + Entitlement Opportunity ?Currently Zoned Residential ?Property is not yet commercially zoned. Sellers are open to a rezoning contingency (up to 90 days), subject to buyer’s due diligence and local approvals. ?1 acre and building for sale out of total 2.3 acre parcel. Sellers open to selling additional 1.3 acre available Investment Potential ?Suitable for office, medical-adjacent, boutique retail, or service-based uses, subject to zoning approval. ?Opportunity to add value through rezoning, site planning, and adaptive reuse. Important Disclosures ?Buyer to independently verify all information, including but not limited to: ?zoning and rezoning feasibility, acreage, replat requirements, traffic counts, utilities, ingress/egress, and permitted uses. ?All measurements, features, and descriptions are approximate and not guaranteed. ?Sale of ±1.0 acre is subject to successful subdivision/replat approval.

FOR SALE DETAILS

PRICE

$325,000 USD

PRICE/SF

$96 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flex Space in Heart of Oak Grove

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.3 AC

LAND SF

100,188 SF

ZONING

Residential

APN/PARCEL ID

059A-29-130.000

ASK ABOUT THIS PROPERTY

Serena BuckleyTAD Real Estate AgencyMore Info
601-520-0670

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Serena BuckleyTAD Real Estate AgencyMore Info
601-520-0670

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.