Airport Plaza
Shopping Center 59,790 Square Feet - Gulfport, MS
Marketing description
Airport Plaza – Prime Commercial Investment Opportunity
Airport Plaza offers an outstanding opportunity to acquire a high-visibility commercial property in one of Gulfport’s most active retail corridors. Strategically located on Pass Road near the Gulfport-Biloxi International Airport, this approximately 60,000-square-foot retail center benefits from strong traffic counts, excellent accessibility, and prominent exposure to daily commuters and visitors alike.
The property features six leasable suites, with one space currently occupied and the remaining suites actively being marketed for lease. Suite sizes range from approximately 1,425 square feet to 21,700 square feet, providing flexible options for a wide range of retail, service, and office tenants. Several spaces are currently being remodeled to white box condition, allowing new tenants to easily customize their layouts.
Recent capital improvements enhance the property’s appeal and functionality, including a newly resurfaced parking lot and upgraded exterior lighting, providing a clean, modern, and well-lit environment for customers and tenants.
Airport Plaza’s prime location near the Gulfport-Biloxi International Airport, combined with its strong visibility along Pass Road, positions the property as an attractive destination for both local businesses and national tenants. With active leasing efforts underway and significant upside through lease-up potential, Airport Plaza presents a compelling value-add investment opportunity in the growing Gulf Coast market.
Property Highlights
±60,000 SF neighborhood retail center
Six total suites with one currently leased
Suite sizes ranging from 1,425 SF – 21,700 SF
Suites being remodeled to white box condition
Recently resurfaced parking lot
New exterior parking lot lighting
High traffic counts and excellent visibility along Pass Road
Minutes from Gulfport-Biloxi International Airport
Significant lease-up and income growth potential
Airport Plaza combines strong fundamentals, recent improvements, and an exceptional location—making it an ideal opportunity for investors seeking a value-add retail asset on the Mississippi Gulf Coast.
Investment highlights
1. Significant Value-Add Potential
The most compelling aspect is the lease-up opportunity. With only one of the six suites currently occupied, an investor can significantly increase the Net Operating Income (NOI) and property value by securing new tenants for the remaining 5.suites,
2. Strategic "First-In" Location
- Proximity: Its location near the Gulfport-Biloxi International Airport makes it a "front door" property for travelers and commuters.
- Visibility: Situated on Pass Road, one of Gulfport’s most active retail corridors, ensuring high daily traffic counts and constant brand exposure for tenants.
3. Reduced Capital Expenditures
Recent infrastructure upgrades lower the immediate cost of ownership for a new buyer:
- Resurfaced parking lot and new exterior lighting improve "curb appeal" and safety.
- White box remodeling of suites reduces the time and tenant improvement (TI) allowance needed to get new businesses moved in and paying rent.
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