Remarks

Fully leased 8,000 square foot commercial center, zoned Regional Business with additional outdoor space and ample parking, in up-and-coming area of Biloxi. Less than 1 mile north of Woolmarket Exit off Interstate 10 on Shriner's Boulevard, where the latest MDOT traffic count shows thousands of vehicles passing daily. Over 400' of paved road frontage with great visibility for all businesses. Tenants include an accounting firm; B.E. Fit (fitness center); The Bottle Shop (Wine and Liquor); InStyle Nails; Bushwackers (hair salon); and Drop It Dance (dance studio)... all with impressive histories and probable staying power. Roughly $300K worth of improvements completed within the last 5 years include: repaved and restriped parking lot, redone brick facade and new metal awning along entire front of building. Current annual gross income of just under $100K. Property is NOT located in a special flood hazard area and is on Biloxi water and sewer. Property taxes were under $7,700 last year. Convenient footbridge provides easy access to Woolmarket Pharmacy to the immediate south. As interest rates fall, put that cash to work with an asset that will protect you from inflation and generate income all the while.

Details

MLS#: 4093777
Price: $975,000

Style: Retail
Sq Ft: 8000.00
Year Built: 1999

County: Harrison
Tax Fee: 7693.00