2719 Pass Rd, Biloxi, MS 39531-2631
This exceptional investment opportunity presents two retail buildings totaling 8,735 square feet, ideally situated near Edgewater Mall in Biloxi, Mississippi. The property consists of two buildings located at 2719 and 2723 Pass Road, with APNs 1110e-02-016.000 and 1110e-02-017.000 respectively. The larger building, at 7,249 square feet, features a clear-span design, previously occupied by Rhodes Flooring America, and offers significant adaptability for various retail uses. The smaller building, encompassing 1,486 square feet, was formerly a State Farm office and is equally versatile. Both properties are zoned Neighborhood Business (NB), allowing for a wide range of retail possibilities. The asking price for this combined offering is $599,000, translating to $68.57 per square foot. The buildings are currently vacant, presenting a blank canvas for prospective tenants. This prime location boasts high visibility and proximity to numerous established businesses, including Firestone Complete Auto Care, Hobby Lobby, Dunkin' Donuts, and Wells Fargo, ensuring strong foot traffic and potential for high returns. The lease type is NNN. This is a rare opportunity to acquire two well-located retail buildings in a thriving Mississippi market.
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.