281 Oak Street, Biloxi, MS 39530
Harrison County
Key Facts
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!
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Year Built
2003
Stories
1
Living Area
7,344 sq ft
Lot Size
0.47 acres
Days on Market
369
MLS® Listing#
4118801
Property Features
Cooling
Heating
Flooring
Parking
Foundation
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$425
Tax year 2024
Parcel Number
1410h-04-077.000
Affordability Calculator
$83,800
Estimated monthly payment
$2,230/mo
Principal $335,200 · Est. interest $467,634 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Biloxi, MS
- $316,168
- Median Listing Price
- 77
- Median Days on Market
- 1,779
- Median Sq Ft
- $173
- Median Price / Sq Ft
- 352
- Active Listings
- This home’s price is 33% above the area median.
- Its price per sq ft is 67% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Biloxi, MS.
Location
Points of Interest in Biloxi, MS
Showing the Biloxi area map.
Nearby Schools
Nichols Elementary School
Elementary · 0.8 mi away
Moore Community House
School · 0.9 mi away
Gorenflo Elementary School
Elementary · 1.2 mi away
Mercy Cross High School
Secondary · 1.4 mi away
Nativity BVM School
School · 2.0 mi away
St Alphonsus Catholic Church
School · 2.3 mi away
Treehouse Montessori Christian School Ocean Springs, MS
Elementary · 2.4 mi away
The Children's House Montessori School
Elementary · 2.4 mi away
Sacred Heart Catholic Elementary School
Elementary · 2.7 mi away
St Martin N Elementary School
Elementary · 2.8 mi away
N E Taconi Elementary School
Elementary · 2.9 mi away
Cody Hall
Secondary · 3.0 mi away
Biloxi Public School District
School · 3.1 mi away
D'Iberville Middle School
Secondary · 3.1 mi away
Michel 7th Grade School
School · 3.1 mi away
Future Scholars
School · 3.2 mi away
Biloxi Upper Elementary School
Secondary · 3.2 mi away
Biloxi Junior High School
Secondary · 3.2 mi away
School Administration
School · 3.4 mi away
Oak Park Elementary School
Elementary · 3.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 5374 Leeds Lane, Biloxi, MS | $295,000 | 4 | 2 | 1,835 |
| 5438 Leeds Lane, Biloxi, MS | $295,000 | 4 | 3 | 1,961 |
| 5529 Overland Drive, Biloxi, MS | $297,500 | 4 | 2 | 1,835 |
| 5505 Leeds Lane, Biloxi, MS | $297,900 | 4 | 2 | 1,835 |
| 337 Fairview Drive, Biloxi, MS | $298,000 | 4 | 3 | 2,170 |
| 14309 Stenum Street, Biloxi, MS | $298,900 | 3 | 2 | 3,530 |
Moving Cost Estimate
EXIT Agents in Biloxi
Listing Courtesy: HL Raymond Properties, LLC - 2284666643
Presented by: Sherry Moxley Nelson