2015 Pass Rd Biloxi, MS 39531-3125
This 2,360 square foot retail property, located at 2015 Pass Rd, Biloxi, MS 39531, is zoned NB-Neighborhood Business and sits on an 8,712 square foot lot. Built in 1984, the building offers significant potential beyond its previous use as a Meineke Muffler Shop. The property features three bays, equipped with substantial lifting equipment: a red Rotary 2-post swing arm lift (9,000+ lbs capacity), a blue Ben Pearson LMT-9 4-post drive-on lift (9,000 lbs capacity), and a yellow Ben Pearson LMT-12 4-post drive-on lift (12,000 lbs capacity). Access is provided by two 10-foot and one 12-foot roll-up doors. The asking price is $199,000, translating to $84.32 per square foot. Its strategic location in Biloxi, Harrison County, presents a unique opportunity for various businesses, potentially capitalizing on the annual Cruzin' the Coast classic car event. The property's size and existing infrastructure offer considerable flexibility for adaptive reuse. This is an exceptional opportunity for an investor seeking a versatile commercial space in a high-traffic area.
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
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Risks
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