Flex Space in Heart of Oak Grove 2575 Old Highway 24 3,400 SF 100% Leased Flex Building Hattiesburg, MS 39402 $448,584 CAD ($131.94 CAD/SF) 9% Cap Rate

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.