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    673 Water St Biloxi, MS 39530

    For Sale
    $540,000

    Prime Location, Two Lots, Huge Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional redevelopment opportunity presents two contiguous lots totaling 24,000 square feet in the heart of downtown Biloxi, Mississippi. Located at 673 Water Street (and including 669 Water Street), this 0.55-acre parcel boasts a fantastic location, within walking distance of the vibrant Ground Zero area. The property is zoned NB Neighborhood Business, offering a wide range of development possibilities. Imagine the potential for a thriving hospitality business, capitalizing on the increasing foot traffic between restaurants, bars, and the nearby Hard Rock and Beau Rivage Casinos. This area along Water Street is experiencing significant growth, promising a strong return on investment. The property's proximity to established businesses like Mugshots and Patio 44, and its position behind Hotel Legends, further enhances its desirability. This is a unique opportunity to acquire two lots, sold together as a single package, in a rapidly developing and highly sought-after downtown location. The asking price is $540,000. Don't miss this chance to be part of Biloxi's exciting future. The property is situated in Harrison County, Mississippi, with a zip code of 39530. Coordinates are 30.39426 latitude and -88.884614 longitude.

    Property Features for 673 Water St

    General Information

    Property type
    Land
    Lot Size
    23,958 SF

    HighLights

    • $540,000 asking price.
    • 0.55‑acre land parcel.
    • Located at 673 Water Street, Biloxi, MS 39530.
    • Zoned NB (Neighborhood Business).
    • Two adjacent parcels totaling 24,000 square feet, sold together; will not be divided.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Biloxi
    County
    Harrison
    State
    Mississippi
    Longitude
    -88.884614
    Latitude
    30.39426

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    FAQs

    What type of property is this?
    Land - Prime Location, Two Lots, Huge Potential
    Where is this land located?
    The property is located at 673 Water St Biloxi, MS.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: $540,000 asking price.; 0.55-acre land parcel.; Located at 673 Water Street, Biloxi, MS 39530.
    Request Owner's contact information
    673 Water St Biloxi, MS 39530
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    Biloxi, MS 39530
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    Realmo Value Estimation

    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.

    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.

    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
    673 Water St Biloxi, MS 39530
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