2030 Pass RdBiloxi, MS 39531

Property Details for 2030 Pass Rd

Year built

1985

Lot size

0.69 AC

Property size (Sq ft)

10,203 SF

Property type

Office properties

Property subtype

Other office properties

APN

1210F-01-017.000

APU

1210F01017000

Description

This exceptional mixed-use property, located at 2030 Pass Rd, Biloxi, MS 39531, presents a compelling investment or owner-occupancy opportunity. The 9,877 square foot building sits on a 0.69-acre lot and features four suites, currently housing two tenants with month-to-month leases. Suite A, occupied by an engineering firm, includes a lobby, executive offices, a large boardroom, open workspace, a full kitchen, and four bathrooms (two private, one full bath with shower). This suite also boasts built-in shelving and a dedicated server room. Suite B, currently used for storage, offers warehouse space with potential for bathroom additions. Suites C and D, leased by a childcare facility, comprise multiple rooms, offices, three bathrooms, kitchen areas, and laundry hookups. The building benefits from recent upgrades including four new HVAC units, insulation, and energy-efficient windows. Ample parking is provided with over 30 spaces. The flexible layout allows for various configurations, including the potential to merge Suites A and B. Blueprints are available. The asking price is $799,000, translating to $80.90 per square foot. This property is zoned commercial and offers significant potential for investors and business owners alike. The building's current configuration and recent improvements make it an attractive option for immediate income generation and future expansion.

• CAP approach

  CAP return

  Valuation

  6%

  $1,618,007

  6.5%

  $1,493,545

  7%

  $1,386,863

• Comparable approach

  Method

  Valuation

  Relative Method

  $778,294

  Geo Method

  $725,331

• Alternative Use

  Use

  Valuation

  Residential

  $1,851,996

  Hospitality

  $1,696,418

  Educational

  $1,411,400

  Medical

  $1,459,940

  Retail

  $2,195,511

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Latitude

30.4029

Longitude

-88.9569

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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