622 Pass RdGulfport, MS 39507

Property Details for 622 Pass Rd

Year built

1978

Lot size

4.30 AC

Property size (Sq ft)

10,800 SF

Property type

Retail properties

Property subtype

Other automotive properties

APN

0910I-01-069.000

APU

0910I01069000

Description

This exceptional commercial property in Gulfport, Mississippi, presents a unique investment opportunity. Located at 622 E Pass Road, this 4.3-acre site boasts a high-traffic count of over 22,000 vehicles daily, making it ideal for a variety of businesses. The property includes two buildings totaling 13,757 square feet. The main building, spanning 10,085 square feet, features a showroom, seven offices, four restrooms, four car bays equipped with four-post lifts, a service area, a waiting area, a parts department, and ample storage space. The second building, situated at the rear of the property, offers 3,672 square feet and has previously served as a paint and body shop. This building includes a fully operational paint booth, an office, and one restroom, all of which remain with the sale. The property is currently zoned T4+, offering flexibility for various commercial uses. The asking price is $1,199,900. This property's prime location and versatile buildings make it an attractive investment for discerning buyers seeking a high-traffic, established commercial space in a thriving Mississippi market. The property is located in Harrison County, Mississippi, with a zip code of 39507.

• CAP approach

  CAP return

  Valuation

  6%

  $2,517,640

  6.5%

  $2,323,975

  7%

  $2,157,977

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,076,061

  Geo Method

  $1,934,786

• Alternative Use

  Use

  Valuation

  Residential

  $1,960,360

  Hospitality

  $1,795,679

  Educational

  $1,493,984

  Medical

  $1,545,364

  Retail

  $2,323,975

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3966

Longitude

-89.0393

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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