408 Broadway Drive, Hattiesburg, MS 39401

$650,000
Property Type: Commercial Sale Square Footage: 9,499 Lot Size (sq. ft.): 68,825 Status: Closed
Current Price: $650,000 List Date: 1/12/2023 Last Modified: 11/20/2024

Overview

Description

Cash Flow Opportunity! Zoned B-5 on a High Exposure Commercial Thoroufare with 14 buildings including 1) 3031 square foot community center with kitchen, bathroom, offices, living rooms, and communal space with views and access to a lushly landscaped property center. 2) 12 freestanding cottages that are 2 bedrooms and 1 bath each and are 523 square feet each. 3) 1 freestanding laundry center. Property is enclosed by a 10 foot fence for privacy and is accessed by an electric gate for cars. NOTE: The B5 zoning would not allow for multifamily housing and would require a rezone to (re)establish it. Motel/hotel lodging would be allowed.

Listing Details MLS# 4036998

General Property Information

Approx Lot Size Acres
1.58
Approx H/C SqFt
9499
Office Square Footage
3031
SqFt Source
Appraiser
List Price/SqFt
60.53
Year Built
1941
Year Built Source
Public Records
Total Floors
Yes
Accessibility Features
Yes
Property Sub Type
Mixed Use
New Construction
No

Property Features

Business Type: Other Current Use: Other Commercial Features: Fenced; Living Space Available Structure Type: See Remarks Lot Features: City Lot; Corner Lot; Landscaped Levels: One Square Footage Description: Ofc. Bldg 2500-5000 SF; Other Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Exterior Features: Private Entrance; Private Yard Price Includes: Building Only

Address and Location Information

Street Number
408
Street Name
Broadway
Street Suffix
Drive
County
Forrest
State
MS
Zip Code
39401
Nearest Cross Street
Emerald Lane
Parcel Number
2-038d-16-026.00
Subdivision
Metes And Bounds
Directions to Property
Hwy 49 to Broadway Dr., look for listing sign.
Community Of
N/A

Listing Information

Property Sub Type
Mixed Use
Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
14261
Tax Year
2021
Flood Insurance Required?
No
Leasehold Y/N
Yes
16th Section
Yes
Sold In Previous 12 Months
No
Association
No
Legal Description
NE 90FT OF LTS 1 & 2 LESS H/W SW 90FT OF LTS 3 & 4 LESS H/W BLK 80 B551/P447 2/85 BK 616 PG 473 05/16/1989 PREV #:H0628-47-004 B724 P133 12/94

Status Change Info

Contract Date/Pending Date
2023-05-25
Closing Date
2023-09-11
Sold Price/SqFt
68.43

More Information

Auction

Auction
No

Showing Requirements

Showing
Appointment Required

Basement Features

Basement
No

Remarks & Miscellaneous

Public Remarks
Cash Flow Opportunity! Zoned B-5 on a High Exposure Commercial Thoroufare with 14 buildings including 1) 3031 square foot community center with kitchen, bathroom, offices, living rooms, and communal space with views and access to a lushly landscaped property center. 2) 12 freestanding cottages that are 2 bedrooms and 1 bath each and are 523 square feet each. 3) 1 freestanding laundry center. Property is enclosed by a 10 foot fence for privacy and is accessed by an electric gate for cars. NOTE: The B5 zoning would not allow for multifamily housing and would require a rezone to (re)establish it. Motel/hotel lodging would be allowed.

Current Use

Other
Yes

Structure Type

See Remarks
Yes

Business Type

Other
Yes

Lot Features

City Lot
Yes
Corner Lot
Yes
Landscaped
Yes

Levels

One
Yes

Sewer

Public Sewer
Yes

Commercial Features

Fenced
Yes
Living Space Available
Yes

Water Source

Public
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Square Footage Description

Ofc. Bldg 2500-5000 SF
Yes
Other
Yes

Exterior Features

Private Entrance
Yes
Private Yard
Yes

Price Includes

Building Only
Yes
Listing Office: Keller Williams
Listing Agent: Charles M Dawe
Source MLS Verified
Last Updated: November - 20 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC.