Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    138-140 Main St Bay Saint Louis, MS 39520

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $895,000

    Undeveloped commercial property in the heart of Old Town.

    Lot size:
    0.31 Acres

    Property Features for 138-140 Main St

    General Information

    Standard status
    Active
    Lot size
    0.31 Acres

    We can help!

    Listing Contact
    Regan Kane
    Regan Kane
    Source: Exitrealty

    Listing Agency: John McDonald Realty, LLC Listing Agent: Regan Kane

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Commercial Land in Old Town

    This prime commercial property is located in the heart of Old Town Bay St. Louis. The large lot consists of three parcels and features 83 feet of frontage on Main Street. Zoned C-1 (Central Business District), the property allows for condo, multifamily, hotel, restaurant, and mixed-use developments by right. As one of the last undeveloped properties in Old Town, it is situated in the first block of Main Street, in close proximity to the Pearl Hotel and the Bay St. Louis Municipal Harbor. The property allows for building up to 50 feet in height.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Big Box & Wholesale Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bay Saint Louis
    County
    Hancock
    State
    Mississippi
    Longitude
    -89.327548
    Latitude
    30.310957

    Nearby Similar for Sale

    • $2,350,000
      4,413 SF

      Bay St. Louis Commercial Property

      Three-story commercial property in Old Town Bay St. Louis.
      113 S Beach Blvd, Bay Saint Louis, MS 39520
      View Details
    • $795,500
      2,094 SF

      Mixed-Use Property in Old Town

      Mixed-use commercial building in the heart of Old Town.
      136 Main St, Bay Saint Louis, MS 39520
      View Details
    • $525,000
      1,728 SF

      Bay St. Louis Duplex Investment

      Two-story duplex near downtown, ideal for rental or owner-occupancy.
      113/115 Bay View Ct, Bay Saint Louis, MS 39520
      View Details
    • $1,995,000
      5,132 SF

      Historic A & G Theater

      Landmark theater in historic Bay St. Louis.
      150 N Beach Blvd, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.11 Acres

      Bay Saint Louis Land Available

      Land near New Orleans, Gulf Shores, and casinos.
      23Rd Ave, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.12 Acres

      Land Near Bay Saint Louis

      Land near beaches and town in Bay Saint Louis, MS.
      Tiber St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.23 Acres

      Bay Saint Louis Land Available

      Land for sale in Bay Saint Louis, Mississippi.
      E Marion St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.11 Acres

      Land Near Bay Saint Louis

      Land near I-10, beaches, and Bay Saint Louis.
      9Th Ave, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.11 Acres

      Bay Saint Louis Land Available

      Land for sale near shopping, casinos, and the beach.
      3Rd St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      0.12 Acres

      Bay Saint Louis Land Available

      Land near beaches, dining, and friendly community.
      Fifteenth St, Bay Saint Louis, MS 39520
      View Details
    • $30,000
      0.24 Acres

      Land with Trailer in Bay

      0.24 acre lot with trailer included, sold AS IS.
      7132 Walthall St, Bay Saint Louis, MS 39520
      View Details
    • Contact for pricing
      10,140 SF

      Motel Near Mississippi Gulf Coast

      19-room motel with leased restaurant near beaches and attractions.
      13031 Highway 603, Bay Saint Louis, MS 39520
      View Details

    FAQs

    What type of property is this?
    Commercial land - Undeveloped commercial property in the heart of Old Town.
    Where is this commercial land located?
    The property is located at 138-140 Main St Bay Saint Louis, MS.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Prime commercial property in the heart of Old Town Bay St. Louis.; - Zoned C-1 (Central Business District) allowing for condo, multifamily, hotel, restaurant, and mixed-use development.; - One of the last undeveloped properties in all of Old Town, first block of Main Street.
    (228) 363-0331
    Request Owner's contact information
    138-140 Main St Bay Saint Louis, MS 39520
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    138-140 Main St
    Bay Saint Louis, MS 39520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    138-140 Main St Bay Saint Louis, MS 39520
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Regan Kane
    Regan Kane
    Real Estate License ID: B14846
    (228) 363-0331 (228) 467-5500 (228) 466-9535
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!