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$ 1,455,000
Est. payment /mo
Active
12450 SHORTCUT RD Biloxi, MS 39532
UPDATED:
10/09/2024 06:10 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2470073
HOA Y/N No
Year Built 1997
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
Zoning commer
Interior
Fireplace No
Exterior
Parking Features Parking Lot
Water Access Desc Public
Building
Lot Description City Lot, Rectangular Lot
Dwelling Type Office
Sewer Public Sewer
Water Public
Others
Tax ID 1108a-03-010.001
Special Listing Condition None
Listed by Berkshire Hathaway HomeServices Preferred, REALTOR