Property summary
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
VerifiedCap rate & NOI
Current use
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Church
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Production Facility
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Photography Service Party Supply Store
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Film Production Television Studio
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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