Property summary
This exceptional 3.8-acre parcel of land, known as Biloxi's Back Bay, presents a unique investment opportunity in the thriving Biloxi, Mississippi gaming market. Located in Harrison County, with a 39530 zip code, this property boasts permitted gaming zoning, making it ideal for a variety of development projects. Its strategic location adjacent to the Imperial Palace provides immediate access to existing infrastructure and a high-traffic area. The property's proximity to seven other casino resorts further enhances its potential for significant returns. A key advantage is the deep-water channel access, offering convenient transportation and logistical benefits. Furthermore, the city of Biloxi is currently undertaking a substantial $350 million infrastructure improvement project focusing on new streets, water, and sewer systems in East Biloxi. This investment significantly enhances the long-term value and appeal of this property, ensuring a modern and efficient infrastructure to support future development. The asking price for this prime waterfront land is $4,500,000. Adjacent land is also available for larger-scale development projects, providing opportunities for expansion and synergy. This is a rare chance to acquire a significant piece of Biloxi's burgeoning gaming landscape.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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