12450 Shortcut Road Biloxi, MS $ 1,455,000
12450 Shortcut Road
$ 1,455,000
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12450 Shortcut Road

Biloxi, MS, 39532
$ 1,455,000
Baths5.0 Sq 14,500

Monthly Estimate*

$ 9,670

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Studio

Commercial Property for sale in Biloxi, MS

for $1,455,000 with 5 full baths. This 14,500 square foot building was built in 1997 on a lot size of 1.3.

Located in the rapidly developing area of Woolmarket, this impressive commercial property comprises three buildings with a total of 10 leases and a spacious laydown yard. Currently, the complex is fully occupied with long-term leases in place, providing a stable income stream for potential investors. The surrounding area is experiencing substantial growth, with new infrastructure developments, a forthcoming medical complex set to open in 2025, and a thriving mix of restaurants and commercial enterprises. With a current CAP rate of 9% and ample opportunity for rent escalation, this property presents a compelling investment opportunity. Don't miss the chance to explore this prime commercial asset - schedule a tour today to witness its potential firsthand.

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Commercial Active

Price

$ 1,455,000

Bedrooms

Studio

Full Bath

5

Property Type

Commercial

Taxes

$ 9,348

Style

Office

Lot Size

1.3

Year Built

1997

Town/City

Biloxi

County/Region

Harrison

MLS | Web ID

4079645

Features
General
Heating Central Electric
Cooling Central Air Electric
current use See Remarks
New Construction No
Subdivision Metes And Bounds
County Harrison
Business Type Other
Property Type E
Accessibility Features No
Tax Year 2023
Status Active
Commercial Features ADA Qualified Delivery Door Dock Height Loading Fenced Fire Alarm Fire Sprinkler System See Remarks
Sub Type Office
Year Built 1997
City Biloxi
Legal Description 1.3 AC(C) COM AT NW COR OF NE 1/4 OF NE 1/4 OF SEC 3 ON W MAR OF JIM BYRD RD S ALONG RD 637.5 FT TO SLY MAR OF WOOLMARKET RD WLY ALONG RD 280.1 FT S 10 DG E 214.3 FT TO POB S 65 DG W 68.9 FT S 24 DG
Street Name Shortcut
Listing Terms 1031 Exchange Cash Conventional SBA USDA Loan VA Loan Wrap
Flood Insurance Required? Subject to Survey
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Interior
Fireplace No
Total Floors 2
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Exterior
Parking Features Parking Lot Paved
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* Excluded Features
List By
Holly J Gibbs

Listing Agent

Berkshire Hathaway Homeservices Preferred Properties

Broker

brokergibbs@gmail.com

Email

Affordability Calculator

$10,449
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,670
Monthly Property Taxes
$779
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1580642 Elementary School
1580615 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/14/2024$1,455,000 Listed Price

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12450 Shortcut Road, Biloxi, MS, 39532 is a Commercial Property for sale at $1,455,000 with 14,500 sqft and a lot size of 1.3. 12450 Shortcut Road is a studio with 5.0 baths and was built in 1997. The property's zip code is 39532 which is in Biloxi, MS