871 Howard Ave, Biloxi

Retail-Commercial for Sale
Catylist Listing ID: 30721316
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub, Other
Building Size (RSF): 5,024 SF
Gross Building Area: See Agent
Gross Land Area: 0.18 Acres
Sale Price: $395,000
Unit Price: $78.62 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/19/2021

Overview / Comments

Total of 4-5 Suites depending on how split, two small spaces rented for $2.500/mo. (woman's boutique and bagel shop). One large restaurant suite with -long bar, brick rear patio, gorgeous chandeliers, old tyme flare, formerly Rosetti's Café, across from Catholic church, ½ block from MGM Park, Heart of Biloxi, CBD. 5,024 SF per appraisal in Bldg. Brief list of work completed by Owner: New TPO Roof with warranty ($40,000), new stucco, freshly painted building, three new store fonts with wood doors, 4 new A/Cs, 2 new mini-splits for bakery and small shops, new awnings, split out and separately metered units with new wiring to individual units. Sale also includes 50% interest in 4,320 SqFt Lot located on Thomas St. Buyer and buyer's agent to verify all.

Additional Details

Nearest MSA: Gulfport-Biloxi
County: Harrison
Taxing Authority: City of Biloxi
Tax ID/APN: 1410K-03-152.000
Retail Clientele: General, Tourist, Other
Property Visibility: Good
Feet of Frontage: 80
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 5,024 SF
Property Condition: Good
Year Built: 1940
Year Renovated: 2020
Construction/Siding: Stucco
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central, Other
Air Conditioning: Package Unit
Zoning Description: Accommodate a wide range of retail, service, office, healthcare, dining, entertainment, and upper-floor residential.
Lot Frontage: 80
Lot Depth: 105
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,581 21,489 57,402
Median Age: 37.21 34.51 35.69
Households: 1,909 7,815 22,617


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