998 Halstead RdOcean Springs, MS 39564

Property Details for 998 Halstead Rd

Year built

2015

Lot size

0.46 AC

Property size (Sq ft)

6,504 SF

Property type

Retail properties

Property subtype

Drug stores

APN

61057209.000

APU

61057209000

Description

This exceptional two-story office building, totaling 8,000 square feet, is situated on a 0.47-acre lot in the desirable Ocean Springs, MS location at 998 N Halstead Rd. Currently fully vacant, the space offers flexible options with a minimum divisible unit of 4,000 square feet and a maximum contiguous space of 8,000 square feet, perfect for a single tenant or multiple occupants. The building boasts a Class B rating and features modern amenities including a convenient drive-up window, an elevator providing easy access to the second story, and attractive stained concrete floors. The open floor plan allows for versatile configurations to suit various business needs. Its previous use as a pharmacy speaks to its functionality and adaptability. Located in Ocean Springs, this property benefits from high visibility and easy access, within a thriving coastal community that offers a supportive business environment and ample parking. The Jackson County property (APN: 61057209) presents a unique opportunity for businesses seeking a prominent and functional space in a vibrant location. The entire 8,000 square feet is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $1,516,179

  6.5%

  $1,399,550

  7%

  $1,299,582

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,250,250

  Geo Method

  $1,165,171

• Alternative Use

  Use

  Valuation

  Residential

  $1,180,572

  Hospitality

  $1,081,398

  Educational

  $899,710

  Medical

  $930,653

  Retail

  $1,399,550

Location Insight

City

Ocean Springs

County

Jackson

State

Mississippi

Latitude

30.4135

Longitude

-88.8

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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