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156 Camellia St 13,376 SF 100% Leased Retail Building Biloxi, MS 39531 $5,861,855 CAD ($438.24 CAD/SF) 8% Cap Rate
Investment Highlights
- Large operating Venue for concerts and events.
- Eight Private office suites!
- Six stunning short term rentals!
- 1.2 Acres of commercial land with ample space and parking.
Executive Summary
Loan or Cash purchase. The Sanctuary is a meticulously restored historic property located in downtown Biloxi, MS, blending historic charm with modern versatility. Set on 1.2 acres just off the beach, the property comprises a premier event venue, six custom-themed Airbnb guest suites, and eight leased commercial office spaces, creating an exceptional investment opportunity. The venue features a grand main hall with state-of-the-art lighting and sound, ideal for weddings, live music, and corporate gatherings. Additional amenities include ample parking, outdoor event space, a full kitchen, and multiple lounge areas. Generating revenue from office rentals, short-term stays, and event bookings, this property offers consistent cash flow and projected strong income growth. With proximity to entertainment, dining, casinos, and Beach Blvd, this listing presents a distinctive, income-producing asset in a vibrant coastal market.
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$187,579
|
$14.02
|
| Other Income |
$248,267
|
$18.56
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$435,846
|
$32.58
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $187,579 |
| Annual Per SF | $14.02 |
| Other Income (CAD) | |
|---|---|
| Annual | $248,267 |
| Annual Per SF | $18.56 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $435,846 |
| Annual Per SF | $32.58 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,376 SF
Building Class
B
Year Built/Renovated
1960/2024
Price
$5,861,855 CAD
Price Per SF
$438.24 CAD
Cap Rate
8%
NOI
$468,948 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Lot Size
0.74 AC
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1210K-02-043.000 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $56,085 CAD |
Property Taxes
Parcel Number
1210K-02-043.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$56,085 CAD
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156 Camellia St
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