2363 Pass RdBiloxi, MS 39531

  • Retail properties
  • 8,772 SF
For Lease
$12/SF/YR View listing

Property Details for 2363 Pass Rd

Year built
1983
Lot size
5.10 AC
Property size (Sq ft)
8,772 SF
Property type
Retail properties
Property subtype
Super regional malls
APN
1110H-03-005.000
APU
1110H03005000

Description

This 50,000 square foot shopping center, located in Harrison County on Pass Road near the intersection of Popps Ferry Road, offers a fantastic opportunity for retail businesses. Currently, there is 2,140 square feet of immediately available space, encompassing Suites 7 & 8. The space is situated within a well-maintained shopping center boasting abundant parking for customers and employees. The interior of the available space is in good condition and ready for immediate occupancy. The property enjoys high visibility from Beauvoir Road and benefits from significant daily traffic, with an estimated 24,000 vehicles passing by daily. The lease price is competitively priced at $12 per square foot, translating to a monthly rent of $2,140. This location provides excellent access and exposure for businesses seeking a thriving retail environment. The multiple-tenancy setup offers a synergistic environment, and the ample parking ensures convenient shopping for customers. This is an ideal opportunity for businesses looking to establish or expand their presence in a high-traffic area with strong visibility and convenient amenities. The available space is ready for immediate occupancy, allowing for a quick and efficient start to operations. Contact us today to schedule a viewing and secure this prime retail space.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,044,883
    6.5%
    $1,887,584
    7%
    $1,752,757
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,686,223
    Geo Method
    $1,571,476
  • Alternative Use

    Use
    Valuation
    Residential
    $1,592,248
    Hospitality
    $1,458,491
    Educational
    $1,213,447
    Medical
    $1,255,179
    Retail
    $1,887,584
2363 Pass Rd, Biloxi, Mississippi

Location Insight

City
Biloxi
County
Harrison
State
Mississippi
Latitude
30.4008
Longitude
-88.9736
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
$19,352
-
-
$176,296
-
$479,857
$695,448
$1,175,305

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