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Property profile & analytics
OFF-MARKET
Land

16208 Race Track Rd Biloxi, MS 39532

1.32 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 1.32-acre property presents a unique investment opportunity in the thriving city of Biloxi, Mississippi. Situated on a highly visible corner lot at the intersection of Race Track Road and Lepoma Avenue, this land boasts unparalleled access and exposure. The property directly faces the scenic Biloxi Back Bay, offering breathtaking views and a desirable setting for a variety of commercial or residential developments. Its strategic location provides easy access to major transportation arteries, being less than one mile east of Mississippi Interstate 110, ensuring convenient connectivity for businesses and residents alike. Furthermore, its proximity to prominent entertainment destinations adds significant value. The Scarlet Pearl Casino Resort is less than a mile away, while the Beau Rivage Resort & Casino and Hard Rock Hotel and Casino are conveniently located within a 2.5-mile radius. This prime location offers exceptional potential for high returns, making it an ideal investment for developers seeking a high-impact project in a rapidly growing area. The property is zoned for both commercial and residential use, providing flexibility for a wide range of development options. The 1.32-acre lot size offers ample space for substantial construction, allowing for creative and expansive designs. This is a rare opportunity to acquire a significant parcel of land in a prime Biloxi location with exceptional visibility and convenient access to major roadways and entertainment venues. The asking price is $517,493. The property is located at 16208 Race Track Rd, Biloxi, MS 39532.

Property profile
Verified
Property type Land
Lot 1.32 ac (57,499 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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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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