1711, 1715, 1717 & 1719 Pass Road

Retail-Commercial for Sale
Catylist Listing ID: 30285482
Property Subtypes: Mixed Use, Restaurant, Retail-Pad, Other
Building Size (RSF): 3,259 SF
Gross Building Area: See Agent
Gross Land Area: 25,745 SF
Sale Price: $469,500
Unit Price: $144.06 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/19/2019

Overview / Comments

SOUTHEAST COMMERCIAL is pleased to present for sale (4) contiguous properties (1711, 1715, 1717, 1719 Pass Road) in Biloxi, MS. Properties are located just west of Rodenburg Avenue and Keesler Air Force Base Gate 7, and directly across Pass Road from Lucky's Furniture. Building square footage provided is the sum of all four properties, and owner will not sell the properties individually.
This location is a prime QSR/Retail redevelopment opportunity being on the main route to and from Keesler Air Force Base for much of civilian and military personnel. In the recent past, Owner received unsolicited offers from two quick serve restaurants (see attached site plan), but at that time, Owner was not willing to close or relocate the used car sales business.
Currently the owner operates the used car lot (1717) but will soon be relocating. Two of the other properties (1715 & 1719) are rented on a month to month basis providing ~$17,500 in combined gross annually income. The former "In & Out" restaurant (1711) is currently being held off the rental market as not to impede with a potential sale. When/if all four properties are rented, the potential gross income is ~$53,500 annually. Please call with any questions.

Additional Details

Nearest MSA: Gulfport-Biloxi-Pascagoula
County: Harrison
Tax ID/APN: 1210H-03-003.000
Zoning: NB
Total Number of Buildings: 4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,360 37,831 64,657
Median Age: 32.38 34.81 35.25
Households: 2,184 14,683 25,517
The information presented herein is provided as is, without warranty of any kind. Neither MSCREX nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.