0 Dukate St Biloxi, MS 39530
This exceptional 0.8-acre commercial land parcel presents a unique investment opportunity in the heart of Biloxi's central business district (CBD). Situated on the northwest corner of Water and Dukate Streets, this property enjoys a highly visible location just a short distance from the renowned Hard Rock Casino Hotel & Casino and the MGM Beau Rivage Resort Casino & Park. The property's DT zoning allows for a variety of development options, making it suitable for a range of commercial ventures. The vibrant surrounding area boasts a thriving concentration of bars and restaurants, ensuring high foot traffic and visibility for any new development. This prime location offers unparalleled access to the bustling activity of downtown Biloxi, capitalizing on the area's ongoing growth and popularity. The lot's size and strategic placement provide ample space for a substantial project, aligning perfectly with the current momentum of development in the area. Further details regarding a proposed apartment/hotel development in the vicinity can be found via a link to a local news article (see original listing for link). The property's APN is 1410k-01-077.000. The asking price for this exceptional property is $625,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.