185 8th St - Warehouse FOR SALE


Biloxi, MS 39530
$6,789,000 USD
228-547-0707
185 8th St, Biloxi, MS for Sale
$6,789,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

185 8th St
Biloxi, MS 39530


HIGHLIGHTS

  • 173,560 SF of Tilt-Up Concrete Construction
  • 15+ Megawatts of Power Available
  • Located in an Opportunity Zone, Perfect for Redevelopment into a Casino, Hotel, Condominium, or Boat and RV Storage
  • Situated on Biloxi Back Bay with Wharfage
  • Features a Large Laydown Yard
  • Potential Rail Access and Spur

OVERVIEW

SOUTHEAST COMMERCIAL is pleased to offer FOR LEASE OR SALE a +/-22 Acre waterfront site with improvements of a 173,560 square foot tilt-up concrete and concrete block-constructed warehouse. The subject property has been improved with a large warehouse structure and is effectively constructed in four segments, all of which were built in the mid-1970's. All of the structures are constructed with reinforced concrete Pyle driven slab foundations and concrete interior walls, floors, and roof. The first two segments are tilt-wall concrete construction with a built-up metal roofing system and 28' eave heights. The first segment (space two on the aerial) includes four 10' x 12' overhead doors and the second segment (space three on the aerial) includes two 10' x 12' overhead doors. These structures contain approximately 59,280 square feet each and each include a break room and two restrooms. The third segment (space four on the aerial) measures approximately 31,000 square feet and is similar in construction to the first two segments, also having 28' eave heights. This segment also features four 10' x 12' overhead doors as well as a break room and two restrooms. The fourth segment (space one on the aerial) is also similar in construction, but contains approximately 20,000 square feet and has 45' eave heights. It also has four 10' x 12' overhead doors, a break room, and two restrooms. The finished areas in each structure include commercial carpet flooring, painted sheet rock walls, and suspended acoustical tile ceilings. The warehouse areas also have various overhead doors connecting the spaces within the structures. The building is a high-quality construction and has withstood multiple hurricanes, including Hurricane Katrina in 2005. This property was originally developed by the Heinz Family for use in the manufacturing of dog/cat food and was utilized in this capacity until sometime preceding Hurricane Katrina.

FOR SALE DETAILS

PRICE

$6,789,000 USD

PRICE/SF

$39 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PRICED BELOW DIRT VALUE! 22 WF ACRES 173K SF

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

UTILITIES

Lighting, Water - City, Sewer - City, Heating - Electric

CLEAR CEILING HT

28 Ft

DOCKS

4

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

22

LAND SF

958,320

ZONING

WF

APN/PARCEL ID

1510E-01-003.000

ASK ABOUT THIS PROPERTY

Tim CarlsonSoutheast Commercial Real EstateMore Info
228-547-0707

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Tim CarlsonSoutheast Commercial Real EstateMore Info
228-547-0707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.