281 Oak Street, Biloxi, MS 39530
sale
$429,000
|
Other
Courtesy Of HL Raymond Properties LLC
Prime Commercial Investment Opportunity on Oak Street - High Visibility, Income-Producing Property Located at the intersection of Oak Street and Division Street-just steps from Hwy 90 and directly across from LeBakery-this well-maintained commercial building offers excellent exposure and consistent income potential. The property features 5 units, each approximately 1,250 square feet. Currently, 4 units are occupied, with three units (A, B, C) combined into one functional space and leased with a lease that ends 12/2027. Unit D is currently rented month to month as lease has ended. Working on the new lease @ $650.00 per month for this unit. Unit E is vacant. Each unit comes with 1 bathroom each. The building boasts a metal roof, recently updated A/C systems, and ample frontage in a high-traffic area. With a current monthly income of $3,300, this property is a solid addition to any investment portfolio. Ideal for retail, office, or service-based businesses, and surrounded by established commercial neighbors. Please note: the adjacent gas station is not included in this sale. Don't miss this chance to own a versatile and income-generating property in a sought-after location!
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Property Features
- Age: 21-30 Years Old
- Floor Covering: Vinyl
- Floor Covering: Concrete
- Floors: 1
- Legal Description: LOT 50 X 96 FT MORE OR LESS S BY MAYBURY E BY OAK ST. N BY HOOD W BY WALDEMIER SEC. BLK. 53
- MLSID: 4118801
- Roof Type: Metal
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