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

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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