152 Gateway Drive Biloxi, MS 39531

Property Details for 152 Gateway Drive

Year built

1963

Lot size

2.53 lot acres

Property size

24,352 SF

Property type

Office Properties & Spaces

APN

1110M-01-011.000

APU

1110M01011000

Description

This exceptional 24,351 square foot office building, situated on a 2.53-acre lot in Biloxi, Mississippi, presents a compelling investment opportunity. Currently priced at $1,600,000, this property is offered significantly below its appraised value, representing a substantial return potential. The building boasts two existing tenants, generating a combined monthly income of $10,650, occupying approximately half of the available space. This leaves ample room for expansion, additional leasing opportunities, or owner-occupancy. Its versatile design makes it ideal for a variety of professional uses, including medical practices, educational institutions, or general office spaces. The property features an expansive parking lot, providing convenient access for tenants and visitors. Its strategic location offers unparalleled convenience, with proximity to Edgewater Mall, numerous apartment complexes, and the Switzer Road Medical-Gulf Coast Outpatient Surgery Center. While close to the beach, the building benefits from an elevated position. For optimal access, entry is recommended via DeBuys Road due to ongoing road construction on Scenic Drive (Highway 90). This prime commercial property offers a unique blend of income generation, growth potential, and a highly desirable location. The substantial below-appraisal pricing makes this an exceptional investment opportunity not to be missed.

Location Insight

City

Biloxi

County

Harrison

State

Mississippi

Longitude

-88.9969

Latitude

30.3913

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments