1720 Medical Park DrBiloxi, MS 39532
- Healthcare properties
- 65,649 SF
Property Details for 1720 Medical Park Dr
- Year built
- 1999
- Lot size
- 9.80 AC
- Property size (Sq ft)
- 65,649 SF
- Property type
- Healthcare properties
- Property subtype
- Medical offices
- APN
- 1208P-01-002.000
- APU
- 1208P01002000
Description
This exceptional 9,377 square foot medical office suite is located on the third floor of a three-story, 72,025 square foot building at 1720 Medical Park Dr, Biloxi, MS 39532. The building features convenient access to I-10 via the Cedar Lake exit, ample parking, and proximity to supporting amenities. Suite 340A offers a spacious layout ideal for patient consultations, examinations, and administrative functions. The building provides a professional environment prioritizing cleanliness and patient care. Electricity and water are included. This single-tenant space is part of a larger building with elevators and is situated near Medical Park Drive and Cedar Lake Rd. The building is locally owned and managed. This is a fantastic opportunity for medical practices seeking a well-appointed and conveniently located space to expand or relocate their operations. Flexible lease terms are available to accommodate various practice needs. Total vacant space in the building is 17,034 square feet, with other suites also available for lease. Three other suites are currently available: Suite 160 (4,747 sq ft), Suite 130A (4,527 sq ft), and Suite 330B (14,457 sq ft). This property presents a unique chance to establish or enhance a medical practice in a thriving Biloxi location.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $10,410,717
- 6.5%
- $9,609,893
- 7%
- $8,923,472
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,007,764
- Geo Method
- $4,666,988
-
Alternative Use
- Use
- Valuation
- Residential
- $11,916,267
- Hospitality
- $10,915,236
- Educational
- $9,081,348
- Medical
- $9,393,670
- Retail
- $14,126,542
Location Insight
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.4477
- Longitude
- -88.936
- CBSA code
- 25060
- CBSA name
- GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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