624 Pass Rd Gulfport, MS 39507-3301
This exceptional 16,815 square foot retail property, located at 624 E Pass Rd in Gulfport, Mississippi, presents a unique investment opportunity. The property, formerly a Hyundai dealership, sits on a 3.63-acre lot and includes three buildings totaling 16,815 square feet. The main building features a +/- 4,000 square foot showroom with offices and an attached +/- 8,700 square foot service area, complete with a loading dock and two 11' 10" high roll-up doors. A second building offers an additional +/- 4,000 square feet of service area with seven 9' 10" high roll-up doors. The property also boasts approximately 2 acres of paved parking, plus additional compacted limestone and grassed areas. Built in 1977 and renovated in 2022, this property benefits from a Hybrid T4+ / B-3 Central Business District zoning designation. Situated on Pass Road, between Courthouse Road and Teagarden Road, this high-traffic location (22,000 ADT) offers exceptional visibility and accessibility. The asking price is $1,399,000 ($83.20/sq ft). This location has a proven track record of high sales volume, averaging over 90 used car sales monthly. The property is ideal for automotive, retail, or service businesses seeking a prominent presence in a thriving Gulfport market. A new dealership is slated for completion in August 2024. The property's APN is 0910I-01-068.000.
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Allen Hyundai Service Auto Repair Shop
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Matt Bowers Hyundai Parts Auto Parts Store
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Matt Bowers Hyundai Car Dealership
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Hyundai at Allen Car Dealership
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Matt Bowers Hyundai Service Auto Repair Shop
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
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