828 Highway 90Bay St. Louis, MS 39520

  • Retail properties
  • 12,360 SF
For Lease
$12/SF/YR View listing

Property Details for 828 Highway 90

Year built
2007
Property size (Sq ft)
12,360 SF
Property type
Retail properties
Property subtype
Strip malls
APN
137G-0-25-050.000
APU
137G025050000

Description

This exceptional 2,400 square foot retail property, situated on a 1.01-acre lot at 828 Highway 90 in Bay Saint Louis, Mississippi, presents a unique investment opportunity. The entire building is currently vacant, offering a blank canvas for a prospective tenant to customize the space to their specific needs. The property's prime location directly off Highway 90 ensures high visibility and accessibility, placing it within minutes of Old Towne Bay St. Louis and the Hollywood Casino, guaranteeing significant foot traffic and exposure. The single suite layout provides flexibility and efficiency for a variety of retail businesses. Located in Hancock County, this property boasts a convenient address with easy access to major transportation routes. The expansive 1.01-acre lot offers ample space for potential expansion or outdoor amenities. This is an ideal location for businesses seeking high visibility and proximity to key attractions and a thriving community. The property's size and location make it an attractive proposition for a wide range of retail ventures. Don't miss this chance to secure a prominent retail space in a rapidly growing area.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,881,299
    6.5%
    $2,659,660
    7%
    $2,469,685
  • Comparable approach

    Method
    Valuation
    Relative Method
    $2,375,936
    Geo Method
    $2,214,254
  • Alternative Use

    Use
    Valuation
    Residential
    $2,243,523
    Hospitality
    $2,055,055
    Educational
    $1,709,782
    Medical
    $1,768,584
    Retail
    $2,659,660
828 Highway 90, Bay St. Louis, Mississippi
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Location Insight

City
Bay Saint Louis
County
Hancock
State
Mississippi
Latitude
30.3142
Longitude
-89.3527
CBSA code
25060
CBSA name
GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,914
$22,680
$63,520
$86,200
-
$151,200
$423,468
$574,668

FAQs

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