2015 Pass RdBiloxi, MS 39531

  • Retail properties
  • 2,360 SF
For Sale
$199,000 View listing

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
2015 Pass Rd, Biloxi, Mississippi

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

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
$1,367
-
-
$12,450
-
$43,056
$39,948
$83,004

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