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2079 E Pass Road, Gulfport, MS 39507 (MLS# 4069238)

2079 E Pass Road, Gulfport, MS 39507

$1,600,000
Property Type: Commercial Sale Square Footage: 15,000 Lot Size (sq. ft.): 54,450 Status: Closed
Current Price: $1,800,000 List Date: 1/29/2024 Last Modified: 11/22/2024

Overview

Description

2 new shopping center buildings located on up and coming area of Pass Rd in Gulfport. Both fully occupied with all leases still in initial term. Estimated annual NOI for 2023 is right at $180,000.00. The two buildings are on two separate parcels, and the sellers are open to selling them separately subject to bank approval of release.

Listing Details MLS# 4069238

General Property Information

Approx Lot Size Acres
1.25
Approx H/C SqFt
15000
SqFt Source
Builder
List Price/SqFt
120
Year Built
2022
Year Built Source
Builder
Total Floors
Yes
Accessibility Features
Yes
Property Sub Type
Retail
New Construction
Yes

Address and Location Information

Street Number
2079
Street Direction
E
Street Name
Pass
Street Suffix
Road
County
Harrison
State
MS
Zip Code
39507
Nearest Cross Street
Red Oak Drive
Parcel Number
1010h-02-031.000
N or S of I-10
S
N or S of CSX Railroad Track
N

Listing Information

Property Sub Type
Retail
Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
22000
Tax Year
2023
Flood Insurance Required?
No
Leasehold Y/N
No
Legal Description
BEG 350 FT W & 600.2 FT N OF SE COROF W 1/2 OF SW 1/4 OF SE 1/4 OF SEC29 ON W MAR OF RED OAK DR NLY ALONGRD 190.1 FT TO S MAR OF PASS RD WLYWLY ALONG RD 141 FT S 203.6 FT E 136.2 FT TO POB PART OF SW 1/4 OF OF SE 1/4 OF SEC 29-7-10 and COM AT SE COR OF W1/2 OF SW1/4 OF SE1/4 OF SEC 29 W 350 FT N 600.2 FTW 136.2 FT TO POB N 203.6 FT TO S MAR OF PASS RD WLY ALONG RD 133.8 FT S 205.5 FT E 133.8 FT TO POB PART OF SW1/4 OF SE1/4 OF SEC 29-7-10

Status Change Info

Contract Date/Pending Date
2024-05-23
Closing Date
2024-07-16
Sold Price/SqFt
106.67

Auction

Auction
No

More Information

Showing Requirements

Showing
Appointment Required

Basement Features

Basement
No

Remarks & Miscellaneous

Public Remarks
2 new shopping center buildings located on up and coming area of Pass Rd in Gulfport. Both fully occupied with all leases still in initial term. Estimated annual NOI for 2023 is right at $180,000.00. The two buildings are on two separate parcels, and the sellers are open to selling them separately subject to bank approval of release.
Listing Office: Vision Realty Group
Listing Agent: Warren H Dedeaux
Last Updated: November - 22 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.