This gorgeous piece of real estate is an investment prospect like nothing we’ve seen before. Located Biloxi, Mississippi, the land for sale is brimming with potential for development, land banking, or even a 1031 exchange.
The property—comprised of a variety of smaller, adjoining parcels—offers a total of 8.37 acres of land. According to a recent appraisal, 6.17 acres of the land is considered usable site area, while the rest stands as wetlands area which could be considered usable with wetland mitigation costs.
In the last decade or so, Biloxi has seen an economic boom as more and more casinos and hotels have graced the region. The hospitality industry continues to grow, increasing both gaming and non-gaming revenues annually. Recent figures peg the coastal casinos total annual revenue at $1,240,906,258. With the continued success of the region’s gaming industry, this revenue is only expected to increase with more plans for development, including more phases of building at the well-established Margaritaville Resort Biloxi. Other casinos in the area are Beau Rivage Resort & Casino, Boomtown Casino, Golden Nugget Biloxi, Hard Rock Hotel and Casino, Harrah’s Gulf Coast, Palace Casino Resort, and Treasure Bay Casino and Hotel. For more information about the casinos, click here.
Biloxi only has a small amount of Waterfront land still available in the area, making this a highly-desirable piece of real estate.
Features of the property include:
But perhaps the biggest gem that comes with this particular piece of real estate is the land’s Waterfront (WF) Zoning designation. Basically, this means permitted uses include hotels, gaming establishments, and uses associated with the launching, berthing, hauling, fueling, etc. of commercial and recreational boats.
The land is also centrally located with easy access such things as:
This perfect-sized property holds immense potential whether you decide to develop it into Biloxi’s next big hospitality venue, hold the land while property values in the area increase, or to use as a land banking investment.
Contact us anytime at [email protected] or 480-442-7787 for more information.
One member of the selling LLC is a licensed real estate agent in the state of Arizona
Call 480-442-7787 for more details