Log In/Sign Up
Your email has been sent.
156 Camellia St 13,376 SF 100% Leased Retail Building Biloxi, MS 39531 $4,250,000 ($317.73/SF) 8% Cap Rate
Investment Highlights
- Large operating Venue for concerts and events.
- Eight Private office suites!
- Six stunning short term rentals!
- 1.2 Acres of commercial land with ample space and parking.
Executive Summary
Loan or Cash purchase. The Sanctuary is a meticulously restored historic property located in downtown Biloxi, MS, blending historic charm with modern versatility. Set on 1.2 acres just off the beach, the property comprises a premier event venue, six custom-themed Airbnb guest suites, and eight leased commercial office spaces, creating an exceptional investment opportunity. The venue features a grand main hall with state-of-the-art lighting and sound, ideal for weddings, live music, and corporate gatherings. Additional amenities include ample parking, outdoor event space, a full kitchen, and multiple lounge areas. Generating revenue from office rentals, short-term stays, and event bookings, this property offers consistent cash flow and projected strong income growth. With proximity to entertainment, dining, casinos, and Beach Blvd, this listing presents a distinctive, income-producing asset in a vibrant coastal market.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$136,000
|
$10.17
|
| Other Income |
$180,000
|
$13.46
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$316,000
|
$23.62
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $136,000 |
| Annual Per SF | $10.17 |
| Other Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $13.46 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $316,000 |
| Annual Per SF | $23.62 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,376 SF
Building Class
B
Year Built/Renovated
1960/2024
Price
$4,250,000
Price Per SF
$317.73
Cap Rate
8%
NOI
$340,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.74 AC
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1210K-02-043.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $40,289 |
Property Taxes
Parcel Number
1210K-02-043.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$40,289
1 of 96
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
156 Camellia St