12450 Shortcut Road Active

Biloxi,MS 39532

$ 1455000

- Bed

5 Baths

14500 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 14,500 sqft

Price per Sqft $100

Subdivision Metes And Bounds

MLS Listing ID 4079645

Year Built 1997

Annual Tax Amount $9,348

Lot Size 1.300 Acres

Property Description

Located in the rapidly developing area of Woolmarket, this impressive commercial property comprises three buildings with a total of 10 leases and a spacious laydown yard. Currently, the complex is fully occupied with long-term leases in place, providing a stable income stream for potential investors. The surrounding area is experiencing substantial growth, with new infrastructure developments, a forthcoming medical complex set to open in 2025, and a thriving mix of restaurants and commercial enterprises. With a current CAP rate of 9% and ample opportunity for rent escalation, this property presents a compelling investment opportunity. Don't miss the chance to explore this prime commercial asset - schedule a tour today to witness its potential firsthand.

Location

State MS

County Harrison

Interior

Heating Central,Electric

Cooling Central Air,Electric

Exterior

Parking Features Parking Lot,Paved

Building

New Construction No

Others

Acceptable Financing 1031 Exchange,Cash,Conventional,USDA Loan,VA Loan,SBA,Wrap

Listing Terms 1031 Exchange,Cash,Conventional,USDA Loan,VA Loan,SBA,Wrap

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