8 Wetzel Dr, Biloxi, MS 39532
This exceptional 0.89-acre commercial lot, located at Lot 8 Wetzel Drive in Biloxi, Mississippi, presents a unique investment opportunity. Boasting an amazing view overlooking the picturesque Back Bay of Biloxi, this cleared lot offers 119 feet of desirable waterfront access. Situated on a hill, the property provides elevated perspectives and easy access to Interstate 10, ensuring convenient connectivity to major transportation routes. The location also benefits from proximity to Biloxi schools, making it an attractive option for various commercial ventures. The Peninsula subdivision, where this lot is situated, features underground utilities, streetlights, and protective covenants, ensuring a well-maintained and aesthetically pleasing environment. Residents and businesses within the subdivision enjoy access to a range of recreational activities, including fishing, boating, jet skiing, and water-skiing. The property's strategic location also places it within a 10-minute radius of golfing facilities, tennis courts, shopping centers, diverse dining options, including coastal cuisine, and the excitement of casinos. The asking price for this remarkable property is $299,000. The zip code is 39532, and the property is located in Harrison County. This is a rare opportunity to acquire a prime commercial waterfront lot in a highly desirable location.
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.