12450 Shortcut Road, Biloxi, MS 39532

$1,455,000
5
BA
14,500
SqFt

Property Description

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.

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Berkshire Hathaway HomeServices Preferred Properties.

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