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

Strip malls

Property subtype

Neighborhood centers

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

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].