2650 Beach BlvdBiloxi, MS 39531

Property Details for 2650 Beach Blvd

Year built

1983

Lot size

13.70 AC

Property size (Sq ft)

77,672 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $13,599,000

  6.5%

  $12,552,900

  7%

  $11,656,300

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,161,880

  Geo Method

  $5,742,570

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $23,930,000

  Mixed-Use / Specialty

  $12,730,200

  Hospitality / Lodging

  $9,628,820

  Office

  $12,885,800

  Institutional / Educational

  $13,313,600

  Residential Income

  $15,577,000

  Multifamily

  $17,451,300

  Automotive / Energy

  $11,411,700

  Parking / Income-Based Land

  $3,718,680

  Restaurant / Food Service

  $7,094,920

  Healthcare / Senior Housing

  $12,826,900

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

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