156 Porter AveBiloxi, MS 39530

Property Details for 156 Porter Ave

Year built

1950

Lot size

0.44 AC

Property size (Sq ft)

11,256 SF

Property type

Office properties

Property subtype

Other office properties

APN

1310I-01-015.000

APU

1310I01015000

Description

This exceptional investment opportunity presents a fully rented, 20,449 square foot commercial building situated on a 0.47-acre lot at 156 Porter Avenue in Biloxi, Mississippi. Priced at $869,000, this property offers significant potential for immediate return on investment. The building has undergone extensive upgrades and unit remodels within the last two years, ensuring modern and attractive spaces for tenants. The current occupancy rate of 100% translates to a consistent and reliable cash flow stream, making this an ideal asset for passive income generation. The property's location in Biloxi provides easy access to major transportation routes and a thriving local economy. This turnkey operation requires minimal management, allowing investors to maximize their returns with minimal effort. The property is ready for immediate viewing, allowing prospective buyers to assess its value and potential firsthand. This is a rare opportunity to acquire a high-performing commercial property in a desirable location, offering a secure and profitable investment. Don't miss out on this exceptional chance to add a strong performer to your portfolio. Contact us today to schedule a showing.

• CAP approach

  CAP return

  Valuation

  6%

  $1,784,993

  6.5%

  $1,647,686

  7%

  $1,529,994

• Comparable approach

  Method

  Valuation

  Relative Method

  $858,618

  Geo Method

  $800,189

• Alternative Use

  Use

  Valuation

  Residential

  $2,043,131

  Hospitality

  $1,871,497

  Educational

  $1,557,064

  Medical

  $1,610,613

  Retail

  $2,422,099

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Latitude

30.397

Longitude

-88.9016

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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