1900 Pass RdGulfport, MS 39501

Property Details for 1900 Pass Rd

Year built

1960

Lot size

0.45 AC

Property size (Sq ft)

7,181 SF

Property type

Office properties

Property subtype

Office buildings

APN

0811B-06-029.000

APU

0811B06029000

Description

This exceptional commercial property, located at 1900 Pass Road, Gulfport, MS 39501, presents a unique investment opportunity. The single-story, 1,000 square foot building sits on a 0.45-acre lot and is classified as a Class C property. Built in 1960, this building offers one suite with multiple spaces ideal for a variety of businesses. The layout includes two private offices, a conference room, two storage areas, and a restroom. The property is zoned B-2 General Business, providing flexibility for various commercial uses. Conveniently located just blocks from Highway 49 (25th Ave), this location offers excellent visibility and accessibility. The building is part of the Peden building complex, offering the potential for prominent signage on Pass Road. Annual property taxes are $7.11 per square foot. The APN is 0811b-06-029.000, and the property is situated in Harrison County. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. Lease rate is $750 per month.

• CAP approach

  CAP return

  Valuation

  6%

  $1,138,774

  6.5%

  $1,051,176

  7%

  $976,092

• Comparable approach

  Method

  Valuation

  Relative Method

  $547,773

  Geo Method

  $510,497

• Alternative Use

  Use

  Valuation

  Residential

  $1,303,458

  Hospitality

  $1,193,960

  Educational

  $993,361

  Medical

  $1,027,524

  Retail

  $1,545,228

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3807

Longitude

-89.0851

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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