249 Beauvoir Road, Biloxi, MS 39531

$975,000
Property Type: Commercial Sale Square Footage: 9,013 Lot Size (sq. ft.): 42,689 Status: Closed
Current Price: $975,000 List Date: 6/06/2023 Last Modified: 2/25/2026

Description

Here is a great opportunity to invest in a property at a 10% cap rate, over 10% cash on cash return and over 20% internal rate of return based on financing currently available locally. This building has been completely remodeled and being operated as an executive office suites with a great track record for staying leased.

More Information MLS# 4049574

Address and Location Information

Nearest Cross Street: Pass Road Parcel Number: 1110h-03-008.000 Directions to Property: Between Pass Road and RR tracks on west side of Beauvoir Road. 975 feet south of Pass Road. N or S of I-10: S N or S of CSX Railroad Track: N Street Number: 249 Street Name: Beauvoir Street Suffix: Road County: Harrison State: MS Zip Code: 39531

Listing Information

Listing Service: Full Service Estimated Completion Date: 2021-03-17 Never Occupied: No Status: Closed List Date: 2023-06-06 List Price: $975,000 Current Price: $975,000 Property Sub Type: Office

General Property Information

Property Sub Type: Office New Construction: No Property Condition: Updated/Remodeled Approx Lot Size Acres: 0.98 Lot Size Dimensions: 115 by 371 Office Square Footage: 9013 SqFt Source: Owner List Price/SqFt: 108.18 Number of Lots: 1 Year Built Source: Assessor Garage Spaces: 5 Total Floors: 1 Accessibility Features: Yes Approx H/C SqFt: 9013 Year Built: 1987

Tax and Financial Information

Tax Annual Amount: 8767 Tax Year: 2022 Zoning: Neighborhood Business Flood Insurance Required?: No Leasehold Y/N: No Sold In Previous 12 Months: No Association: No Legal Description: BEG 1644.4 FT W & 120.2 FT N OF SE COR OF SEC 27 ON W MAR OF BEAUVOIR RD N 114.9 FT ALONG RD W 371 FT S 115.7 FT E 370.8 FT TO POB IN SW 1/4 OF SE 1/4 OF SEC 27-7-10

Remarks & Miscellaneous

Public Remarks: Here is a great opportunity to invest in a property at a 10% cap rate, over 10% cash on cash return and over 20% internal rate of return based on financing currently available locally. This building has been completely remodeled and being operated as an executive office suites with a great track record for staying leased.

Status Change Info

Sold Price/SqFt: 108.18 Contract Date/Pending Date: 2023-07-31 Closing Date: 2023-09-29

Showing Requirements

Showing: Appointment Required

Auction

Auction: No

Basement Features

Basement: No
Listing Office: Molyneaux Group, LLC
Listing Agent: Doug J Molyneaux
Last Updated: February - 25 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.