2015 Pass RdBiloxi, MS 39531
- Retail properties
- 2,360 SF
Property Details for 2015 Pass Rd
- Year built
- 1984
- Lot size
- 0.20 AC
- Property size (Sq ft)
- 2,360 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 1210F-03-017.003
- APU
- 1210F03017003
Description
This 2,360 square foot retail property, located at 2015 Pass Rd, Biloxi, MS 39531, is zoned NB-Neighborhood Business and sits on an 8,712 square foot lot. Built in 1984, the building offers significant potential beyond its previous use as a Meineke Muffler Shop. The property features three bays, equipped with substantial lifting equipment: a red Rotary 2-post swing arm lift (9,000+ lbs capacity), a blue Ben Pearson LMT-9 4-post drive-on lift (9,000 lbs capacity), and a yellow Ben Pearson LMT-12 4-post drive-on lift (12,000 lbs capacity). Access is provided by two 10-foot and one 12-foot roll-up doors. The asking price is $199,000, translating to $84.32 per square foot. Its strategic location in Biloxi, Harrison County, presents a unique opportunity for various businesses, potentially capitalizing on the annual Cruzin' the Coast classic car event. The property's size and existing infrastructure offer considerable flexibility for adaptive reuse. This is an exceptional opportunity for an investor seeking a versatile commercial space in a high-traffic area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $550,151
- 6.5%
- $507,832
- 7%
- $471,558
-
Comparable approach
- Method
- Valuation
- Relative Method
- $453,658
- Geo Method
- $422,786
-
Alternative Use
- Use
- Valuation
- Residential
- $428,375
- Hospitality
- $392,389
- Educational
- $326,463
- Medical
- $337,691
- Retail
- $507,832
Location Insight
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.4023
- Longitude
- -88.9561
- 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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