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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.