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$ 1,455,000
Est. payment /mo
Active
12450 Shortcut Road Biloxi, MS 39532
5 Baths
14,500 SqFt
UPDATED:
08/24/2024 04:48 AM
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
Originating Board MLS United
Year Built 1997
Annual Tax Amount $9,348
Lot Size 1.300 Acres
Acres 1.3
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
Fireplace No
Exterior
Parking Features Parking Lot, Paved
Garage No
Building
New Construction No
Others
Tax ID 1108a-03-010.001
Acceptable Financing 1031 Exchange, Cash, Conventional, USDA Loan, VA Loan, SBA, Wrap
Listing Terms 1031 Exchange, Cash, Conventional, USDA Loan, VA Loan, SBA, Wrap
Information is deemed to be reliable but not guaranteed. Copyright © 2024 MLS United, LLC.
Listed by Berkshire Hathaway HomeServices Preferred Properties