MS
Hancock
Bay Saint Louis
39520
831 Highway 90
831 Highway 90, Bay Saint Louis, MS 39520
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Listing Type
Commercial/Industrial
Listing Status
Active
30
$635,000

Home Details for 831 Highway 90

Price
$635,000
Type
Commercial Sale
Total Bathrooms
3
Half Bathrooms
3
Year built
1987
Lot size acres
0.25
County
Hancock
Days on site
140
MLS Listing#
4132607
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.

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Property Features
  • Utilities
    • Cable Available
    • Cable Connected
    • Electricity Connected
    • Sewer Connected
    • Water Connected
  • Cooling Information
    • Central Air
    • Electric
  • Heating Information
    • Central
    • Electric
  • Parking
    • Concrete
    • On Site
  • Water Features
    • Public
Listing Courtesy: Coldwell Banker Alfonso Realty-Lorraine Rd - 228-287-1000
Presented by: Carl A Larosa
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EXIT COASTAL GATEWAY REALTY
4405 East Aloha Drive, Suite F, Diamondhead, MS 39525
Office
228 206 1556
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