178 Main StBiloxi, MS 39530

  • Office properties
  • 9,826 SF
For Lease
$12/SF/YR View listing

Property Details for 178 Main St

Year built
1970
Lot size
0.44 AC
Property size (Sq ft)
9,826 SF
Property type
Office properties
Property subtype
Other office properties
APN
1410K-01-042.000
APU
1410K01042000

Description

The Gardner Building offers flexible executive office space in a prime downtown Biloxi location. This three-story building, constructed in 1975, boasts 12,000 square feet of total space, currently divided into eight suites. Three suites are immediately available, ranging from 1,200 to 2,000 contiguous square feet. The building features an elevator for convenient access to all three floors. Each floor offers balconies providing ample natural light. The building's central downtown location offers excellent visibility and accessibility, situated near the intersection of Main Street and Dr. Martin Luther King. The property is ideal for businesses seeking high-quality, flexible office space in a vibrant urban setting. With a total of 2,000 square feet currently vacant, this presents a unique opportunity for expansion or consolidation. The building's multiple tenancy structure allows for a variety of business sizes and configurations. This is a rare opportunity to secure executive office space in a well-maintained building with desirable amenities in the heart of Biloxi. Contact us today to schedule a viewing and explore the possibilities.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,558,222
    6.5%
    $1,438,359
    7%
    $1,335,619
  • Comparable approach

    Method
    Valuation
    Relative Method
    $749,536
    Geo Method
    $698,530
  • Alternative Use

    Use
    Valuation
    Residential
    $1,783,565
    Hospitality
    $1,633,736
    Educational
    $1,359,249
    Medical
    $1,405,996
    Retail
    $2,114,387
178 Main St, Biloxi, Mississippi

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.3976
Longitude
-88.8853
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
$12,173
-
-
$110,896
-
$104,328
$634,977
$739,305

FAQs

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