Flex Building with Rear
For Sale
$925,000
Pending
4277 Espy Ave, Long Beach, MS 39560
Heated-and-cooled office and retail areas connect to a rear warehouse with roll-up access.
Property Size10,764 SF
Days on Market296
Property Features for 4277 Espy Ave
General Information
Standard status
Pending
Size
10,764 SF
Zoning
C-2
Additional Details
Drive-In Doors
1
Listing Agency:
Amy Wood Properties
(228) 216-7649
Listed By:
Amy P Wood · License #B19754
(228) 216-7649
Source:
Exprealty
Added: Oct 11, 2025
Changed: Jul 10
Last Checked: Jul 15 at 7:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Amy Wood Properties
Investment Insights
Based on property information with market context.
This flex-style commercial building offers 10,764 SF under roof on 3+ acres and is described as being in excellent condition. Approximately 5,764 SF of heated and cooled space is split between an office portion and a retail shop portion, with the retail area having its own entrance. The office includes a welcoming area, multiple offices, a conference room, a bathroom, and storage.
The property is located on the west side of Espy Avenue between Pass Christian and Long Beach. It is positioned adjacent to two schools and churches, with multiple pick-ups and drop-offs throughout the day, and it benefits from traffic flow along the corridor. The seller also notes it is near Long Beach’s industrial park and is within C-2 Harrison County zoning, with the property stated as not located in a flood zone.
With its combined office, retail, and warehouse layout, the building is suited for tenants looking for flexible, mixed-use configurations, including office, retail, or medical office setups that also require warehouse space. The rear portion includes approximately 5,000 SF of warehouse with roll-up door access and concrete flooring, supporting a variety of service and storage-oriented uses. Property is for sale only.
The property is located on the west side of Espy Avenue between Pass Christian and Long Beach. It is positioned adjacent to two schools and churches, with multiple pick-ups and drop-offs throughout the day, and it benefits from traffic flow along the corridor. The seller also notes it is near Long Beach’s industrial park and is within C-2 Harrison County zoning, with the property stated as not located in a flood zone.
With its combined office, retail, and warehouse layout, the building is suited for tenants looking for flexible, mixed-use configurations, including office, retail, or medical office setups that also require warehouse space. The rear portion includes approximately 5,000 SF of warehouse with roll-up door access and concrete flooring, supporting a variety of service and storage-oriented uses. Property is for sale only.
Key Highlights
- C‑2 Harrison County zoning on 3+ acres with 10,764 SF under roof and not in a flood zone
- 5,764 SF heated‑and‑cooled: half upscale office space with welcoming area, multiple offices, conference room, bathroom, and storage
- 5,764 SF heated‑and‑cooled retail side with its own entrance
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $139.5k | $12.96 |
| − Vacancy | −$11.4k | −$1.06 |
| EGI | $128.1k | $11.90 |
| − OpEx | −$44.8k | −$4.16 |
| NOI | $83.2k | $7.73 |
10,764 SF · lease $12.96/SF/yr · vacancy 8.20% · expense 35.00%
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,797 @ 7.0% cap · market cap 10.46%
Second Best
Office B
$1.23M
$1.07M – $1.43M
NOI $85,793 @ 7.0% cap · market cap 9.27%
Theoretical Best
Healthcare Medical
$1.73M
$1.52M – $2.02M
NOI $121,386 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Heated-and-cooled office and retail areas connect to a rear warehouse with roll-up access.
Where is this flex space located?
The property is located at 4277 Espy Ave Long Beach, MS.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: C‑2 Harrison County zoning on 3+ acres with 10,764 SF under roof and not in a flood zone; 5,764 SF heated‑and‑cooled: half upscale office space with welcoming area, multiple offices, conference room, bathroom, and storage; 5,764 SF heated‑and‑cooled retail side with its own entrance
