2363 Pass RdBiloxi, MS 39531

Property Details for 2363 Pass Rd

Year built

1983

Lot size

5.10 AC

Property size (Sq ft)

8,772 SF

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,535,820

  6.5%

  $1,417,680

  7%

  $1,316,420

• Comparable approach

  Method

  Valuation

  Relative Method

  $695,901

  Geo Method

  $648,546

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,702,570

  Mixed-Use / Specialty

  $1,437,700

  Hospitality / Lodging

  $1,087,440

  Office

  $1,455,280

  Institutional / Educational

  $1,503,600

  Residential Income

  $1,759,210

  Multifamily

  $1,970,890

  Automotive / Energy

  $1,288,800

  Parking / Income-Based Land

  $419,974

  Restaurant / Food Service

  $801,276

  Healthcare / Senior Housing

  $1,448,630

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

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