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Property profile & analytics
OFF-MARKET
Land

12 Wetzel Dr Biloxi, MS 39532

2.38 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 2.38-acre commercial lot in Biloxi, Mississippi, presents a unique investment opportunity. Located on Lot 12 Wetzel Drive, this property boasts breathtaking views of the Back Bay of Biloxi and sits on Brasher Bayou atop a hill. The land is already cleared, offering immediate development potential. With 507 feet of waterfront access, this site is ideal for a variety of commercial ventures. The Peninsula Subdivision provides convenient access to Interstate 10 and Biloxi schools, ensuring excellent connectivity and accessibility. Underground utilities and streetlights are already in place, simplifying development. Protective covenants maintain the high standards of the community. Residents and businesses enjoy a wealth of recreational activities, including fishing, boating, jet skiing, and water-skiing, all within the subdivision. The property's prime location offers easy access to a variety of amenities, including golf courses, tennis courts, shopping centers, diverse dining options featuring coastal cuisine, and the excitement of nearby casinos, all within a 10-minute radius. The asking price for this remarkable property is $279,000. The property's address is Lot 12 Wetzel Drive, Biloxi, MS 39532. This is a rare chance to acquire a significant waterfront commercial lot in a highly desirable location.

Property profile
Verified
Property type Land
Lot 2.38 ac (103,673 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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