4211 Hospital Rd Pascagoula, MS 39581
- Office Properties & Spaces
- 125,000 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 4211 Hospital Rd
- Year built
- 1975
- Property size
- 125,000 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This 125,000 square foot, three-story Class B medical office building, located at 4211 Hospital Rd, Pascagoula, MS 39581, is offered at $2,950,000 ($23.60/sq ft). Built in 1975 and extensively renovated in 2020, the property boasts new LED lighting, HVAC systems, and bathrooms. Currently, the building has 25% occupancy with three tenants: a cardiologist, chiropractor, and urgent care facility. The gross lease structure presents an opportunity for significant income growth. Its prime location directly across from Singing River Hospital in Jackson County's medical district offers substantial potential for attracting medical and related tenants. The high vacancy rate presents a chance to increase occupancy and maximize returns. This modernized facility is in excellent condition and ready for new tenants. All offers will be considered.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pascagoula
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.5348
- Latitude
- 30.3763