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782 Water St 3,400 SF 85% Leased Office Building Biloxi, MS 39530 $1,225,000 ($360.29/SF) 7.35% Cap Rate
INVESTMENT HIGHLIGHTS
- Luxury Income - Producing Multi-Unit Property
- Walking Distance to Casinos, Beaches, Restaurants, and Shopping
- Turnkey Income
- Prime Location - Located in Downtown Biloxi's Sought After Golf Cart District
- Modernized Infrastructure
- Expansion Opportunities
EXECUTIVE SUMMARY
Luxury Income-Producing Multi-Unit Property
Prime Location - Location in Downtown Biloxi's Sought After Golf Cart District
Near Casino Row
Walking Distance to Casinos, Beaches, Restaurants, and Shopping
Modernized Infrastructure
Turnkey Income
Expansion Opportunities
Corporate Rental Potential
Historical Property
Prime Location - Location in Downtown Biloxi's Sought After Golf Cart District
Near Casino Row
Walking Distance to Casinos, Beaches, Restaurants, and Shopping
Modernized Infrastructure
Turnkey Income
Expansion Opportunities
Corporate Rental Potential
Historical Property
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1800/2023
Price
$1,225,000
Price Per SF
$360.29
Cap Rate
7.35%
NOI
$90,038
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,700 SF
Building FAR
0.29
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
Downtown - Downtown - Commercial
Short-Term Rental by Right
Parking
10 Spaces (2.94 Spaces per 1,000 SF Leased)
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Presented by
Blaine & Co LLC
782 Water St
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