Income Producing Opportunity- Downtown Biloxi 871 Howard Ave
7,620 SF Retail Building Biloxi, MS 39530 $745,000 ($98/SF) 8% Cap Rate
Executive Summary
Southeast Commercial is thrilled to present a prime investment opportunity in downtown Biloxi! This exceptional property features four retail stores, offering a substantial 8% cap rate, making it an ideal choice for investors seeking lucrative returns. Spanning 5,360 square feet, this versatile property is perfectly situated just minutes on foot from the exciting new vacation destination, The Bella, as well as popular attractions like the MGM Park and Biloxi's renowned casinos. Whether you're looking to expand your investment portfolio or establish a new business in a bustling, high-traffic area, this property delivers unmatched potential. Don’t miss your chance to capitalize on this rare find in one of Biloxi’s most sought-after locations. Act quickly—properties like this don’t last long!
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,620 SF
Building Class
C
Year Built
1940
Price
$745,000
Price Per SF
$98
Cap Rate
8%
NOI
$59,600
Tenancy
Single
Building Height
1 Story
Building FAR
1.03
Lot Size
0.17 AC
Opportunity Zone
Yes
Zoning
DT (Downtown)
Frontage
80 FT on Howard
Walk Score®
Very Walkable (74)
Nearby Major Retailers
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $0 | |
Land Assessment | $0 | Total Assessment | $44,290 |