After sitting empty for nearly four years, the former Wal-Mart store at 2381 Pass Road in Biloxi has a new owner.
The 127,000-square-foot building on Pass Road at Popp’s Ferry Road was sold for an undisclosed price to an out-of-state investor. Wal-Mart did not own the building.
Brian Bolis of NAI Sawyer represented the seller and Michael Sawyer of NAI Sawyer represented the buyer.
The building, which sits on 9.7 acres, will be converted into several smaller retail spaces. The owners expect to fill it with retail stores that may be new to South Mississippi.
That area of Pass Road has seen new restaurants open in the last four years, since a new Wal-Mart Supercenter was built on CT Switzer Road. Retail has lagged since Stein Mart followed Wal-Mart’s move nearer to Edgewater Mall.
When complete, the shopping complex is expected to create 100 to 200 new jobs.