306 Favre St Waveland, MS 39576
This exceptional 0.42-acre commercial lot, located at 306 Favre Street in Waveland, Mississippi (APN 162h-0-03-243.000), presents a unique investment opportunity. Situated less than half a mile from the beach, this wooded triple lot offers incredible potential for development. Imagine building your dream commercial venture just a short drive from the vibrant Bay St. Louis, known for its historic Old Town district, Depot district, and marina. The property boasts convenient access to a wealth of amenities and attractions, including the Silver Slipper Casino, the Hollywood Casino, Bridges Golf Course, Buccaneer State Park, Buccaneer Bay Waterpark, and Pirate's Alley Nature Trail. All essential utilities are readily available, including public sewer, water, electricity, and cable. This prime location combines the tranquility of a coastal setting with the excitement of nearby entertainment and attractions, making it an ideal investment for discerning buyers seeking a lucrative opportunity in a thriving Mississippi coastal community. The asking price is $39,500. Don't miss this chance to secure your piece of paradise and build your vision.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.