831 Highway 90Bay St. Louis, MS 39520

Property Details for 831 Highway 90

Year built

1987

Property size (Sq ft)

3,069 SF

Property type

Office properties

Property subtype

Office buildings

APN

137G-0-25-025.004

APU

137G025025004

Description

This exceptional 3,118-square-foot medical office building presents a compelling investment opportunity in the thriving Bay St. Louis, Mississippi market. Strategically located on Highway 90, adjacent to Ochsner Medical Center, this property enjoys high visibility and convenient access. The building boasts 14 individual offices, a conference room, three half-bathrooms (including one ADA-compliant), a staff break room, a media room, a fire-retardant file room, a spacious administrative area, and a comfortable waiting room. Ample parking is provided with 16 spaces. The building is equipped with modern amenities including LED lighting throughout and an active security system. Two fiber optic service providers are currently installed, with a third option available, ensuring robust communication capabilities. The property is zoned C-3 (Highway Commercial), offering versatility for a wide range of business uses. The 0.25-acre lot provides ample space. The building is currently vacant, presenting a blank canvas for a new owner to customize and lease. This triple-net lease property is priced at $399,000. All information should be independently verified by the buyer.

• CAP approach

  CAP return

  Valuation

  6%

  $486,687

  6.5%

  $449,249

  7%

  $417,160

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,106

  Geo Method

  $218,175

• Alternative Use

  Use

  Valuation

  Residential

  $557,069

  Hospitality

  $510,272

  Educational

  $424,540

  Medical

  $439,141

  Retail

  $660,396

Location Insight

City

Bay Saint Louis

County

Hancock

State

Mississippi

Latitude

30.3166

Longitude

-89.3525

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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