2650 Beach BlvdBiloxi, MS 39531

  • Retail properties
  • 77,672 SF
For Lease
$12/SF/YR View listing

Property Details for 2650 Beach Blvd

Year built
1983
Lot size
13.70 AC
Property size (Sq ft)
77,672 SF
Property type
Retail properties
Property subtype
Super regional malls
APN
1110M-01-001.001
APU
1110M01001001

Description

This exceptional retail opportunity presents 137,185 square feet of space within the thriving Edgewater Village Shopping Center in Biloxi, Harrison County, MS. Located on 13.7 acres, this single-story, 1983-built center underwent renovations in 2003. The property boasts a prime location adjacent to a Walmart Supercenter (built in 2012) and the Edgewater Mall (featuring Dillard's, Belk, JC Penney, and Books-A-Million), placing it at the heart of Biloxi's bustling retail corridor. Currently, there are three spaces available, with a minimum divisible space of 1,601 square feet and a maximum contiguous space of 4,060 square feet. A total of 7,438 square feet is currently vacant. Strong anchor tenants include Petsense, Tuesday Morning, Hibbett Sports, Dollar Tree, and America's Thrift Store. A pad site is also available for purchase, presenting an additional investment opportunity. The property's APN is 1110M-01-001.000. This is a multi-tenant property offering high visibility and significant foot traffic, making it an ideal location for a variety of retail businesses. The move-in-ready restaurant space is particularly attractive. This property represents a rare chance to secure a foothold in one of Biloxi's most successful retail centers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $18,106,494
    6.5%
    $16,713,686
    7%
    $15,519,851
  • Comparable approach

    Method
    Valuation
    Relative Method
    $14,930,720
    Geo Method
    $13,914,690
  • Alternative Use

    Use
    Valuation
    Residential
    $14,098,619
    Hospitality
    $12,914,260
    Educational
    $10,744,512
    Medical
    $11,114,033
    Retail
    $16,713,686
2650 Beach Blvd, Biloxi, Mississippi

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.3909
Longitude
-88.9935
CBSA code
25060
CBSA name
GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,087
-
-
$820,690
-
-
$5,471,269
$5,471,269

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