1707 Pass Road,Biloxi, MS 39531
Biloxi, MS 39531
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 Avenueone 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.
Details
| MLS # | 4125996 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 54 |
| Listing Provided By | Pedal Realty, LLC. | Tara J Wallace |
Features
| SQ Feet | 20,386 |
|---|---|
| Zoning | Neighborhood Business |
| Acreage | 0.47 |
Taxes
| Property | 5575 |
|---|
Area Information
| State | MS |
|---|---|
| County | Harrison |
| City | Biloxi |
| Zip Code | 39531 |
| Area | Harrison |
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Learn More About This Property
| State | MS |
|---|---|
| County | Harrison |
| City | Biloxi |
| Zip Code | 39531 |
| Area | Harrison |