1720 Medical Park DrBiloxi, MS 39532

Property Details for 1720 Medical Park Dr

Year built

1999

Lot size

9.80 AC

Property size (Sq ft)

65,649 SF

Property type

Medical offices

Property subtype

Medical centers

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.

• 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

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