831 Highway 90, Bay Saint Louis, MS 39520
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831 Highway 90, Bay Saint Louis, MS 39520
831 Highway 90, Bay Saint Louis, MS 39520
831 Highway 90, Bay Saint Louis, MS 39520
831 Highway 90, Bay Saint Louis, MS 39520
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$ 635,000
Est. payment /mo
Active

831 Highway 90 Bay Saint Louis, MS 39520

3 Baths

3,118 SqFt


UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 3,118 sqft

Price per Sqft $203

Subdivision Metes And Bounds

MLS Listing ID 4132607

Half Baths 3

HOA Y/N No

Year Built 1987

Annual Tax Amount $4,497

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 28x20x58x118x100x94

Property Sub-Type Office

Source MLS United

Property Description

Fully Leased 3,118 SF Bay St. Louis Medical Office Building- with a 5-Year National Medical Tenant | Forward 9% Cap | Annual Escalations. Turnkey income-producing commercial property in Bay St. Louis, Mississippi, secured by a 5-year lease with a national medical tenant beginning 11/15/2025. The lease includes contractual annual rent increases, delivering an initial 8.00% cap rate and a forward cap approaching 9% by Year 5. The newly renovated 3,118 SF single-tenant building is located just off Highway 90 within a well-established medical and professional office complex adjacent to Ochsner Medical Center. Zoned C-3 (Highway Commercial) with 16 dedicated parking spaces, the property supports medical, professional, and retail office uses while providing strong long-term tenant demand and re-tenanting optionality. Cap Rate schedule: Year 1 - 8.00%, Year 2 - 8.25%, Year 3 - 8.49%, Year 4 - 8.75%, Year 5 - 9%. Detailed Cap Rate schedule attached. Buyer and their agent to verify all information.

Location

State MS

County Hancock

Direction Located next to Ochsner Hospital.

Interior

Heating Central, Electric

Cooling Central Air, Electric

Flooring Carpet, Combination

Fireplace No

Exterior

Parking Features Concrete, On Site

Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Water Connected

Roof Type Metal

Accessibility Accessible Common Area

Garage No

Private Pool No

Building

Lot Description City Lot

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Tax ID 137g-0-25-025.004

Virtual Tour https://www.propertypanorama.com/831-Highway-90-Bay-Saint-Louis-MS-39520--4132607/unbranded


MLS United(Mississippi)
Listed by Coldwell Banker Alfonso Realty-Lorraine Rd
Tracey Moore

Tracey Moore

Partner | License ID: 73376

+1(504) 352-3303

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831 Highway 90