871 Howard AveBiloxi, MS 39530

Property Details for 871 Howard Ave

Year built

1940

Lot size

0.17 AC

Property size (Sq ft)

5,360 SF

Property type

Retail properties

Property subtype

Strip malls

APN

1410K-03-152.000

APU

1410K03152000

Description

This 7,620 square foot storefront property, located at 871 Howard Ave, Biloxi, MS 39530, presents a compelling investment opportunity. Built in 1940, this single-story building sits on a 0.171-acre lot and is zoned for downtown commercial use. The property boasts a strong net operating income (NOI) of $59,620, yielding a cap rate of 0.80%. Its prime downtown Biloxi location offers high visibility and foot traffic, placing it within walking distance of popular attractions and the new Bella vacation destination. The property's APN is 1410K-03-152.000. This established retail space offers significant potential for investors seeking a stable, income-producing asset in a thriving Mississippi coastal city. The property's size and location make it ideal for a variety of retail uses. This is a rare opportunity to acquire a well-situated, income-generating property in a high-demand area. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,249,495

  6.5%

  $1,153,380

  7%

  $1,070,996

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,030,341

  Geo Method

  $960,227

• Alternative Use

  Use

  Valuation

  Residential

  $972,919

  Hospitality

  $891,189

  Educational

  $741,459

  Medical

  $766,959

  Retail

  $1,153,380

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Latitude

30.3967

Longitude

-88.8914

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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