831 Highway 90,Bay Saint Louis, MS 39520
Bay Saint Louis, MS 39520
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.
Details
| MLS # | 4132607 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1987 |
| Days On Site | 273 |
| Listing Provided By | Coldwell Banker Alfonso Realty-Lorraine Rd | Carl A Larosa |
Features
| Bath(s) | 3 Total |
|---|---|
| SQ Feet | 3,118 |
| Story(s) | 1 |
| Zoning | Hwy Commercial District |
| Acreage | 0.25 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Electric |
Exterior
| Roof | Metal |
|---|---|
| Construction Materials | Brick Veneer |
| Foundation Details | Slab |
| Lot Features | City Lot |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Concrete, On Site |
Utilities
| Utilities | Cable Connected, Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Property | 4497 |
|---|
Area Information
| State | MS |
|---|---|
| County | Hancock |
| City | Bay Saint Louis |
| Zip Code | 39520 |
| Area | Hancock |
| Community Name | Metes And Bounds |
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Learn More About This Property
| State | MS |
|---|---|
| County | Hancock |
| City | Bay Saint Louis |
| Zip Code | 39520 |
| Area | Hancock |
| Community Name | Metes And Bounds |
