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USAMSBiloxi1707 Pass Rd
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$750,000

1707 Pass Rd, Biloxi, MS

Real Estate

For Sale

$--,---,---
000
  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size 4400 sqft
Garage No
Maintenance Fees 
Taxes $5,575
Days Active 1
Approx. Age 1955
Avg. Price Per Sqft $170
MLS® Number 4125996

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Turnkey investment opportunity located just half a mile from the main gate of Keesler Air Force Base. This high-visibility property sits on a 0.25-acre near corner lot at the intersection of Pass Road and Rodenberg Avenue--one of Biloxi's most heavily trafficked commercial corridors.The property features two buildings: a recently remodeled 4, 400-square-foot structure divided into two suites, complete with a new roof, updated mechanical systems, a drop ceiling, and fresh interior finishes. The second structure is a 4, 800 square foot metal building equipped with four roll-up bays, ideal for industrial, service, or automotive use.All three units are leased under newly executed five-year triple net (NNN) leases, each with personal guarantees in place. The property generates a net annual income of $59, 580, offering a strong return for investors. At a projected price of $750, 000, this asset reflects an approximate cap rate of 7.94%.This is a fully stabilized investment with no deferred maintenance in a high-demand area. Perfect for buyers seeking immediate cash flow in a growth market.Show Description
MLS® Number4125996
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1955
Stories1
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

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