2 Pass RdGulfport, MS 39507

Property Details for 2 Pass Rd

Year built

1995

Lot size

1.28 AC

Property size (Sq ft)

13,967 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

0910J-01-085.000

APU

0910J01085000

Description

This exceptional retail opportunity in Gulfport, Mississippi, presents a 15,025 square foot freestanding building situated on a 1.138-acre lot at a high-traffic intersection of Pass Road and Courthouse Road. The property, zoned B-2, offers outstanding visibility and convenient access. Currently, a portion of the building (approximately 5,501 sq ft) is occupied by Encore Rehabilitation Physical Therapy Clinic. However, a significant portion of the building, totaling 9,524 square feet, is available for lease. This space was previously occupied by a Family Dollar store. The minimum leasable space is 4,000 square feet, with a maximum contiguous space of 9,524 square feet. The property's location provides easy access to Highway 90 (four minutes away), Highway 49 (less than ten minutes away), and Interstate 10, placing it within easy reach of Gulfport's vibrant beach tourism corridor. Pylon signage is available for the occupant of the vacant space. The property's APN is 0910J-01-085.000, and it's classified as Class C. This is an ideal location for businesses seeking high visibility and convenient access in a thriving area. The building consists of two suites.

• CAP approach

  CAP return

  Valuation

  6%

  $2,746,486

  6.5%

  $2,535,218

  7%

  $2,354,130

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,651,394

  Geo Method

  $1,539,017

• Alternative Use

  Use

  Valuation

  Residential

  $2,535,218

  Hospitality

  $2,322,246

  Educational

  $1,932,081

  Medical

  $1,998,528

  Retail

  $3,005,460

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3943

Longitude

-89.0449

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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