281 Oak Street, Biloxi, MS 39530
- $419,000
- 7,344
- SqFt
- List Price
- $419,000
Property Description
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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Listing courtesy of HL Raymond Properties, LLC.
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