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1242 Elks Lake Rd 1,997 SF Retail Building Hattiesburg, MS 39401 $629,369 CAD ($315.16 CAD/SF) 21.74% Cap Rate

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INVESTMENT HIGHLIGHTS

No competition within approximately 5 miles.

Well Established for almost 50 years and fully stocked and operating.

EXECUTIVE SUMMARY

Long standing Well established country store in the heart of Dixie. Fully stocked and operating. Bait, Food and household goods, small restaurant with griddles and ovens 3 Gas tanks 6000 gallons each,with 2 in service, propane refills and much more! Roof only 2 years old! Wonderful business opportunity with a solid customer base year round. Only 2 owners since the beginning. Selling only to retire as the previous family did. This is jewel in the heart of the Dixie Community! This retail property sits on .76 ac of land.

PROPERTY FACTS

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Service Station

Building Size

1,997 SF

Building Class

Year Built

1976

Price

$629,369 CAD

Price Per SF

$315.16 CAD

Cap Rate

21.74%

NOI

$136,849 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.06

Lot Size

0.76 AC

Opportunity Zone

Yes

Zoning

X - general commercial use

ABOUT 1242 ELKS LAKE RD , HATTIESBURG, MS 39401

Long standing Well Established country store operating since 1976 in the heart of Dixie. Fully stocked and ready for purchase. Bait, Food and household goods, small restaurant with griddles and ovens 3 Gas tanks 6000 gallons each,with 2 in service, propane refills and much more! Roof only 2 years old! Wonderful business opportunity with a solid customer base year round. Only 2 owners since the beginning. Selling only to retire as the previous family did. This is jewel in the heart of the Dixie Community!

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