Office Renovation Opportunity
808 W Pine St
Hattiesburg, MS 39401
https://thebrokerlist.com/have/office-renovation-opportunity-94416
FOR SALE
Property Type:
Multi Tenant Office
Last Verified:
Jan 27, 2020
Highlights
- Renovations Needed
- Includes residential rental unit
Description
This site was formerly occupied by a law practice. The main structure is approximately 1,992 SF, which is in need of improvements. There is a 1 bedroom/1 bath rental unit that is approximately 640 SF. The site is zoned B-1, with dimensions of 50' x 200'.
Leaving downtown Hattiesburg, the property is located on your left along W Pine St
Year Built: 1920
Building Size: 2632.0sq ft
Building Class: C
Lot Size: 0.23 acres
Map of 808 W Pine St, Hattiesburg, MS, 39401
What are Real Estate Incentives?
Real Estate incentives range widely and have been overlooked by the
Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
- U.S. Public: Many incentives focus on job creation and Affordable Housing
- Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
- Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
- Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
