14405-A Stenum St Biloxi, MS 39532
- Retail properties
- 10,000 SF
- 0.67 lot acres
Current Use by Public Records
- Retail properties
Property Details for 14405-A Stenum St
- Year built
- 2003
- Lot size
- 0.67 lot acres
- Property size
- 10,000 SF
- Property type
- Retail properties
- Property subtype
- Office Properties & Spaces
Description
This exceptional Class A, 10,000 square foot storefront, located at 14405-A Stenum Street in Biloxi, Mississippi, presents a compelling net lease investment opportunity. The property, built in 2003 and boasting a 10-foot ceiling height, is situated on a 0.67-acre lot (APN: 0-50-60-550.000) and zoned C-3. Currently 100% occupied by a franchisee tenant, this single-unit building generates a strong net operating income (NOI) of $80,820, resulting in a 5.39% cap rate. The asking price is $1,500,000. Significant upgrades were completed in 2015, adding 3,000 square feet and enhancing the building's functionality with new offices, flooring, doors, and windows. The property features a modern showroom, elegant glass-walled conference rooms, ample private offices, two kitchenettes, multiple private bathrooms, and electrical rooms. Convenient front parking is available for customers, along with secure rear parking for employees or inventory. The adjacent 1,900 square foot lot provides high-profile Interstate visibility, ideal for showcasing products and maximizing brand exposure. This is a rare opportunity to acquire a high-performing, well-maintained commercial property in a prime Biloxi location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Biloxi
- County
- Harrison
- State
- Mississippi
- Longitude
- -88.8507
- Latitude
- 30.4531
