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160 5th Street, Biloxi, MS 39530

$15,900,000
Property Type: Commercial Sale Baths: 1 Square Footage: 92,283 Lot Size (sq. ft.): 439,956 Status: Active
Current Price: $15,900,000 List Date: 2/17/2022 Last Modified: 6/13/2022

Description

Former Margaritaville Casino Property on Biloxi Back Bay. The building is a 3-Level Class A facility that was constructed in 2012 and ultimately closed its doors in 2014. The total square footage of the building equates to 92,283 square feet, with the following break down: First Floor 11,831 SF, Second Floor 58,668 SF, Mezzanine 21,784 SF. The building has concrete tilt and steel frame construction with a ground floor area that leads to the 2nd Floor of the former casino space. This area is open space with plate glass windows overlooking the Bay of Biloxi, as well as, bar space, event venue space with stadium seating, and large covered outdoor patios. The 3rd Floor Mezzanine includes multiple corporate offices, staffing offices, staff kitchen, restrooms, and . The building is fully wired to accommodate a casino operation and has the mechanical systems to be built out for a variety of applications. We note a fire suppression system throughout the entire property, as well as high voltage electrical system and generator. The property is completely heated and cooled. The exterior of the building has a high quality metal corrugated roofing system with hardie board siding. Overall, the property and all mechanical systems are in very good condition.

More Information MLS# 4009437

Address and Location Information

Street Number: 160 Street Name: 5th Street Suffix: Street County: Harrison State: MS Zip Code: 39530 Parcel Number: 1510e-02-000 Subdivision: Metes And Bounds N or S of I-10: S N or S of CSX Railroad Track: S

Listing Information

Status: Active List Date: 2022-02-16 List Price: $15,900,000 Current Price: $15,900,000 Property Sub Type: Special Purpose Listing Service: Full Service New Construction: No

General Property Information

Approx Lot Size Acres: 10.1 Approx H/C SqFt: 92283 SqFt Source: Public Records List Price/SqFt: 172.3 Year Built: 2012 Year Built Source: Public Records Total Floors: 3 Bathrooms Total: 1 Bathrooms Half: 1 Fireplace: No Accessibility Features: No

Tax and Financial Information

Tax Annual Amount: 63918 Tax Year: 2021 Zoning: Waterfront Flood Insurance Required?: Subject to Survey Leasehold Y/N: No Association: No Legal Description: 10.1 AC(C) ON N SIDE AT E END OF 5TH ST 1200 FT E OF MAPLE ST BEING PART OF BLKS 21, 22, 22A, & 30 SUMMERVILLE ALSO- VACATED STREETS CAUSE # 23142 371/96

Remarks & Miscellaneous

Public Remarks: Former Margaritaville Casino Property on Biloxi Back Bay. The building is a 3-Level Class A facility that was constructed in 2012 and ultimately closed its doors in 2014. The total square footage of the building equates to 92,283 square feet, with the following break down: First Floor 11,831 SF, Second Floor 58,668 SF, Mezzanine 21,784 SF. The building has concrete tilt and steel frame construction with a ground floor area that leads to the 2nd Floor of the former casino space. This area is open space with plate glass windows overlooking the Bay of Biloxi, as well as, bar space, event venue space with stadium seating, and large covered outdoor patios. The 3rd Floor Mezzanine includes multiple corporate offices, staffing offices, staff kitchen, restrooms, and . The building is fully wired to accommodate a casino operation and has the mechanical systems to be built out for a variety of applications. We note a fire suppression system throughout the entire property, as well as high voltage electrical system and generator. The property is completely heated and cooled. The exterior of the building has a high quality metal corrugated roofing system with hardie board siding. Overall, the property and all mechanical systems are in very good condition.

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Property Features

Business Type: Restaurant; Special Purpose; Other Possible Use: Restaurant; Other Location: City Street; Gaming Waterfront Levels: Three Or More Square Footage Description: Retail Bldg Over 5000 SF Flooring: Carpet; Vinyl; Wood Cooling: Central Air; Electric Heating: Central; Electric Sewer: Public Sewer Water Source: Public Foundation Details: Pilings/Steel/Wood Parking Features: Asphalt/Blacktop
Listing Office: Southeast Commercial Of MS, LLC
Listing Agent: Tim Carlson
Last Updated: June - 13 - 2022

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Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.