2030 Pass Rd 9,877 SF 100% Leased Office Building Biloxi, MS 39531 $699,000 ($70.77/SF) 7.54% Cap Rate

PASS ROAD BILOXI--Check out this multi suite opportunity with a high traffic count between the Biloxi VA and Popps Ferry Road. The current owner designed most of existing buildout and created it so there are options for future buildouts. The building is sturdily built with concrete block construction. There are four suites available with three of the suites having doors in the front of Pass Road. Suite D is accessible in the rear of the building. Suites A-C have front door and back door access.
Three suites are currently tenant-occupied with month-to-month leases. Suite A is currently leased by an engineering firm and Suites C and D are leased by a childcare facility. Suite B could easily be completed and customized for a variety of tenants OR it could also be merged with Suites A and C and the entire building could be connected. Front and rear parking has over 30 total spaces.
Suite A includes built-in shelving throughout the unit and multiple office spaces. There is a lobby, four executive offices, large board room, open area for cubicles or other administrative needs, and a kitchen area. One office has a server room/concrete shelter, two offices contain private bathrooms, one of which is a full bathroom with shower. There are four total bathrooms in this suite.
Suite B is currently being used for storage and is laid out as a warehouse. 1-2 bathrooms could be added.
Suite C and D (currently set up as a daycare) has multiple rooms, offices, 3 bathrooms, kitchen areas, additional plumbing and w/d connections.
The building has four new HVAC units and insulation. Nice ENERGY STAR Qualified Windows. With so many possibilities, this is definitely one to see in person! Perfect for investors or even an owner user.