281 Oak Street, Biloxi, MS 39530

$429,000
Property Type: Commercial Sale Square Footage: 7,344 Lot Size (sq. ft.): 20,473 Status: Active
Current Price: $429,000 List Date: 7/09/2025 Last Modified: 12/04/2025

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!

More Information MLS# 4118801

Address and Location Information

Parcel Number: 1410h-04-077.000 N or S of I-10: S N or S of CSX Railroad Track: S Street Number: 281 Street Name: Oak Street Suffix: Street County: Harrison State: MS Zip Code: 39530

Listing Information

Listing Service: Full Service Status: Active List Date: 2025-07-09 List Price: $429,000 Current Price: $429,000 Property Sub Type: Business

General Property Information

Property Sub Type: Business New Construction: No Approx Lot Size Acres: 0.47 SqFt Source: Appraiser List Price/SqFt: 58.42 Divisible: No Year Built Source: Public Records Total Floors: 1 Accessibility Features: No Approx H/C SqFt: 7344 Year Built: 2003

Tax and Financial Information

Tax Annual Amount: 425 Tax Year: 2024 Flood Insurance Required?: Yes Leasehold Y/N: No 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

Remarks & Miscellaneous

Public Remarks: 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!

Current Use

Commercial: 1

Possible Use

Bar/Tavern/Lounge: 1 Commercial: 1 Office: 1 Restaurant: 1 Retail: 1

Business Type

Bar/Tavern/Lounge: 1 Commercial: 1 Professional Service: 1 Professional/Office: 1

Levels

One: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

Cash: 1 Conventional: 1

Showing Requirements

Showing: Appointment Required

Utilities

Electricity Connected: 1 Water Connected: 1

Walls - Interior

Sheetrock: 1

Square Footage Description

Ofc. Bldg Up to 2500 SF: 1

Flooring

Concrete: 1 Vinyl: 1

Cooling

Central Air: 1

Heating

Central: 1

Foundation Details

Slab: 1

Sale Options

Will Not Divide: 1

Auction

Auction: No

Roof

Metal: 1

Parking Features

Concrete: 1

Lighting

Fluorescent: 1

Basement Features

Basement: No

Flood Insurance

Floodplain: 1

Price Includes

Leases: 1

Available Documents

Appraisal: 1

Disclosures

As Is: 1

Property Features

Business Type: Bar/Tavern/Lounge; Commercial; Professional Service; Professional/Office Current Use: Commercial Possible Use: Bar/Tavern/Lounge; Commercial; Office; Restaurant; Retail Levels: One Square Footage Description: Ofc. Bldg Up to 2500 SF Walls - Interior: Sheetrock Lighting: Fluorescent Flooring: Concrete; Vinyl Cooling: Central Air Heating: Central Utilities: Electricity Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Sale Options: Will Not Divide Roof: Metal Parking Features: Concrete Flood Insurance: Floodplain Price Includes: Leases Available Documents: Appraisal Disclosures: As Is
Listing Office: HL Raymond Properties, LLC
Listing Agent: Sherry Moxley Nelson
Last Updated: December - 04 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.