Jam Lane Lot #3-B

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Jam Lane Lot #3-B

Biloxi, MS 39532
Asking Price
$529K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land asset comprising 1.35 acres of land.
  • Property is situated in the city of Biloxi, Mississippi.
  • Offered for sale at an asking price of $529,000.
  • Located within a growing commercial submarket in coastal Mississippi.
  • Flexible zoning supports various professional and retail development plans.

What's Special

Biloxi serves as a strategic economic hub on the Mississippi Gulf Coast, benefiting from a diverse regional economy and steady tourism traffic. This commercial land parcel at Jam Lane Lot #3-B offers 1.35 acres of developable space for prospective investors. Given the prime positioning within this growing suburban corridor, the site presents a flexible foundation for various commercial ventures seeking proximity to the area's main thoroughfares. Owners can leverage the site's visibility and accessibility to support retail, office, or professional service developments designed to capture the surrounding local customer base. The property's current configuration allows for efficient site planning, accommodating projects that require manageable commercial footprints in a well-established municipal environment. Whether intended for immediate development or long-term land holding, this asset serves as a functional component for a commercial portfolio within the coastal Mississippi market. Professional developers will find the dimensions suitable for ground-up construction tailored to modern business requirements.

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NOI
$80,000
Cap Rate
15.12%
DSCR
2.55
Strong
Cash-on-Cash
30.62%
Monthly Payment
$2,617.203
Annual Cash Flow
$48,593.56

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