Police believe Latimer, who was last spotted at the Bay View BP service station about 1.25am that Sunday, was on his way to Te Haroto when he went missing.
Read more: Missing man: Police searching Te Haroto property
Police seek missing Napier man Alex James Latimer
Latimer's vehicle - a white 2000 Toyota Corolla hatchback - was found burnt out on Omaranui Road the next day.
The car's number plate was: ZE8110.
The discovery of a body comes after the arrests of two men, aged 26 and 24, charged with assault.
They appeared in the Hastings District Court yesterday and are likely to face further charges.
Police earlier carried out search warrants at two properties in Te Haroto and Napier.
Officers said earlier this week that as a result, the Te Haroto address would be the focus of an extensive search and examination.
Anyone who believes they saw the Latimer's car is urged to contact authorities immediately.
Can you help? Contact: Police: (06) 831 0955 or CrimeStoppers Anonymous: 0800 555 111.