1707 Pass Road new Save Request In-Person Tour Request Virtual Tour
Biloxi,MS 39531
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,400 sqft
Price per Sqft $170
MLS Listing ID 4125996
Year Built 1955
Annual Tax Amount $5,575
Lot Size 10,890 Sqft
Property Sub-Type Other
Property Description
Turnkey investment opportunity located just half a mile from the main gate of Keesler Air Force Base. This high-visibility property sits on a 0.25-acre near corner lot at the intersection of Pass Road and Rodenberg Avenue—one of Biloxi's most heavily trafficked commercial corridors.
The property features two buildings: a recently remodeled 4,400-square-foot structure divided into two suites, complete with a new roof, updated mechanical systems, a drop ceiling, and fresh interior finishes. The second structure is a 4,800 square foot metal building equipped with four roll-up bays, ideal for industrial, service, or automotive use.
All three units are leased under newly executed five-year triple net (NNN) leases, each with personal guarantees in place. The property generates a net annual income of $59,580, offering a strong return for investors. At a projected price of $750,000, this asset reflects an approximate cap rate of 7.94%.
This is a fully stabilized investment with no deferred maintenance in a high-demand area. Perfect for buyers seeking immediate cash flow in a growth market.
Location
State MS
County Harrison
Building
New Construction No