Property profile

291 Gulfwater Dr Biloxi, MS 39531

OFF-MARKET
Retail residential properties
Property ID
US50-0285734
3,232 SF 0.79 ac lot Built 1965
Individually Owned Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 291 Gulfwater Drive in Biloxi, Mississippi, presents a unique investment opportunity. The property encompasses a 0.55-acre lot and features a single-story, 1-suite office building constructed in 1965. The building is classified as Class D and is zoned for Neighborhood Business use. The property includes one dock-high door, but no elevators. Taxes are $1.64 per square foot. The convenient location offers easy access to key amenities, including proximity to Pass Road, Edgewater Mall, and a Super Walmart. The current tenant will vacate the premises on January 1st, 2025, opening up possibilities for immediate occupancy or lease to a new tenant. The property's parcel number is 1110e-02-036.000 within Harrison County. This presents a compelling opportunity for investors seeking a well-situated commercial property in a thriving area of Biloxi. The existing building provides immediate income potential until the tenant's departure, and the land offers significant redevelopment potential. The property's strategic location and future possibilities make it an attractive investment.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1965
Total area 3,232 SF
Lot 0.79 ac (34,235 SF)
APN 1110E-02-036.000
UPID US50-0285734

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Production Facility
  • Photography Service Party Supply Store
  • Film Production Television Studio

Location

291 Gulfwater Dr Biloxi, MS 39531-2629
Biloxi metro Census 1205 GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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