308 Santini StBiloxi, MS 39530

Property Details for 308 Santini St

Year built

1930

Property size (Sq ft)

1,288 SF

Property type

Office properties

APN

1410E-04-018.000

APU

1410E04018000

Description

This exceptional business opportunity presents a profitable appliance repair and parts shop located at 308 Santini Street, Biloxi, MS. Boasting 1,288 square feet on a sizable 12,941-acre lot, this well-established business has thrived since 2009, cultivating a loyal customer base in a prime Biloxi location. Its strategic position near the Beau Rivage, Keesler Federal Park, and Biloxi's bustling entertainment and shopping districts, as well as Keesler Air Force Base, ensures consistent high traffic. The property benefits from recent upgrades, including a new roof and a freshly paved parking lot, minimizing immediate maintenance needs. The business is offered "as-is," presenting an ideal investment for an entrepreneur seeking a turnkey operation or an investor looking to expand their portfolio. The high visibility and established reputation of this business make it a truly unique opportunity within Biloxi's thriving commercial landscape. Showings are by appointment only during regular business hours. The asking price for this turnkey business is $275,000.

• CAP approach

  CAP return

  Valuation

  6%

  $204,253

  6.5%

  $188,541

  7%

  $175,074

• Comparable approach

  Method

  Valuation

  Relative Method

  $98,250

  Geo Method

  $91,564

• Alternative Use

  Use

  Valuation

  Residential

  $233,791

  Hospitality

  $214,151

  Educational

  $178,171

  Medical

  $184,299

  Retail

  $277,156

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Latitude

30.4036

Longitude

-88.8961

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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