Hwy 98 Commercial Investment Property on Lake Serene: This is 6,000 sq.ft. This property is located in Lamar County (Hattiesburg), Mississippi

Hwy 98 Commercial Investment Property on Lake Serene

Lamar County, MS · 1.6 +/- AC · $740,000

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All boundary lines noted in pictures, aerials or maps should be considered estimates and not relied on as legal documents or descriptions.

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Hwy 98 Commercial Investment Property on Lake Serene

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Hwy 98 Commercial Investment Property on Lake Serene

    

Lamar County, Mississippi
1.6 +/- Acres
$740,000

Parcel #/ID:  054C-18-062.000

This is 6,000 sq.ft. building on a 1.6 acre lot that is located on Hwy 98 and Lake Serene. The part on Lamar County gets extremely high traffic counts and visibility. The building is currently under a secure lease and with good rental income and potential for growth. The bottom line is this property gives you current income, with potential for value appreciation because of the superior location. Excellent 9% capitalization rate at listing price.

Estimated Acres:

1.6 +/- acres

Legal Description:

Parts of Section 18, T4N, R14W, Lamar Co., MS; Lot 89 Lake Serene, 

Property Highlights:

  • 6,000 s.f. office building and classrooms

  • Great location on Hwy 98 West and Lake Serene

  • Good lessee in place with excellent rental income

  • 9% capitalization rate at listing price provides excellent investment potential.

Estimated Income: (Call Agent for Details)

Building lease: $66,000

TOTAL ESTIMATED INCOME: $66,000

Taxes:  (Call Agent for Details)

More Photos:

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