185 8Th StBiloxi, MS 39530

Property Details for 185 8Th St

Year built

1973

Lot size

17.40 AC

Property size (Sq ft)

3,690 SF

Property type

Office properties

APN

1510E-01-003.000

APU

1510E01003000

Description

This exceptional industrial property, located at 185 E 8th St, Biloxi, MS 39530, presents a significant redevelopment opportunity. The 173,560-square-foot facility sits on a sprawling 22-acre waterfront lot (APN: 1510E-01-003.000, 1510E-01-004.000) in Harrison County, boasting a permitted WF (Waterfront) zoning. The property comprises four buildings constructed in the mid-1970s using tilt-up concrete and concrete block, featuring robust concrete slab foundations, walls, and roofs. The buildings are interconnected via various overhead doors. This high-quality construction has proven resilient, withstanding major hurricanes, including Hurricane Katrina. Originally used for cat food manufacturing by the Heinz Family, the property offers significant potential for various industrial uses. Key features include five dock-high doors and the potential for rail access and a large lay-down yard. The asking price is $6,789,000, translating to $39.12 per square foot. The property is vacant and offered as a NNN lease. This owner/user investment opportunity is ideal for redevelopment and capitalizes on its prime waterfront location on Biloxi Back Bay with wharfage. The property is classified as industrial, encompassing distribution, manufacturing, and warehouse subtypes.

• CAP approach

  CAP return

  Valuation

  6%

  $663,188

  6.5%

  $612,173

  7%

  $568,447

• Comparable approach

  Method

  Valuation

  Relative Method

  $281,476

  Geo Method

  $262,322

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,136,850

  Retail / Commercial

  $596,358

  Mixed-Use / Specialty

  $604,780

  Hospitality / Lodging

  $457,441

  Institutional / Educational

  $632,497

  Residential Income

  $740,022

  Multifamily

  $829,067

  Automotive / Energy

  $542,140

  Parking / Income-Based Land

  $176,665

  Restaurant / Food Service

  $337,062

  Healthcare / Senior Housing

  $609,374

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Latitude

30.4048

Longitude

-88.8619

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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