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Property profile & analytics
OFF-MARKET
Small apartment buildings

15807 Lemoyne Blvd Biloxi, MS 39532

47,000 SF 1.75 ac lot
Property ID
US50-0214543
Property summary
AI-generated overview

This exceptional 1.75-acre property at 15807 Lemoyne Boulevard in Biloxi, Mississippi, presents a compelling investment opportunity. Zoned for multifamily use, this 47,000 square foot parcel offers significant potential for development. The property's prime location in the Biloxi/St. Martin area provides convenient access to a wealth of amenities, including world-class casinos, pristine beaches, championship golf courses, diverse shopping and dining options, deep-sea fishing excursions, and captivating museums. The site enjoys excellent connectivity to major transportation arteries, with easy access to I-10 and Highway 90/Beach Boulevard, ensuring seamless commutes and convenient travel. While currently without existing units, the substantial lot size and strategic location make it ideal for the construction of a multifamily residential complex. The asking price is $4,845,000. This presents a rare chance to capitalize on the thriving Biloxi real estate market and create a lucrative investment portfolio addition. The property's versatility and prime location make it an attractive prospect for developers seeking to build a high-demand residential community in a vibrant coastal setting. Further details are available upon request.

Property profile
Verified
Property type Small apartment buildings
Total area 47,000 SF
Lot 1.75 ac (76,230 SF)
UPID US50-0214543
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
Current use
Occupant on record · Public records
  • Martinique Condo Office Condominium Complex
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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