156 Porter Ave Biloxi, MS 39530-3724
This exceptional investment opportunity presents a fully rented, 20,449 square foot commercial building situated on a 0.47-acre lot at 156 Porter Avenue in Biloxi, Mississippi. Priced at $869,000, this property offers significant potential for immediate return on investment. The building has undergone extensive upgrades and unit remodels within the last two years, ensuring modern and attractive spaces for tenants. The current occupancy rate of 100% translates to a consistent and reliable cash flow stream, making this an ideal asset for passive income generation. The property's location in Biloxi provides easy access to major transportation routes and a thriving local economy. This turnkey operation requires minimal management, allowing investors to maximize their returns with minimal effort. The property is ready for immediate viewing, allowing prospective buyers to assess its value and potential firsthand. This is a rare opportunity to acquire a high-performing commercial property in a desirable location, offering a secure and profitable investment. Don't miss out on this exceptional chance to add a strong performer to your portfolio. Contact us today to schedule a showing.
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Schroeder-Lanoux Court Reporting & Video Conferencing Law Firm
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Carson Martha Guil Law Firm
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.