FOR SALE: $3,950,000 RARE HOTEL/CONDO DEVELOPMENT SITE 1775 BEACH BLVD. BILOXI, MS

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FOR SALE: $3,950,000 RARE HOTEL/CONDO DEVELOPMENT SITE 1775 BEACH BLVD. BILOXI, MS Sherry L. Owen, ABR, CRS, GRI, SFR Broker/Owner Owen & Co., LLC Real Estate Email: OwenSherryL@aol.com Cell: 228-760-2815

Prepared by Sherry Owen, Owen & Co. LLC 228-822-9870 [O] owensherryl@aol.com Licensed to practice Real Estate in Mississippi RARE Hotel/Condo Development Site 1775 Beach Blvd, Biloxi, MS 39531 Listing ID: 29936950 Status: Active Property Type: Vacant Land For Sale Possible Uses: Hospitality, Multi-Family Gross Land Area: 2.50 Acres Sale Price: $3,950,000 Unit Price: $1,580,000 Per Acre Sale Terms: Cash to Seller Overview/Comments IDEAL NEW HOTEL OR CONDO SITE! This property is among the very few available to build directly on the 1.5miles of buildable White Sand Beach in Biloxi. It is currently occupied by a popular local restaurant/bar. This location is situated within a group of popular and well visited restaurants and entertainment that promote tourism along the beachfront. Zoned WF and SB, the City of Biloxi will allow Hotel/Condominium or Entertainment Developments. There are two parcels: 1210J-03-002.000 and 1210J-03-003.000 More Information Online http://www.mcar.ms/listing/29936950 QR Code Scan this image with your mobile device: General Information Taxing Authority: Tax ID/APN: Possible Uses: HARRISON COUNTY 1210J-03-002.000 Hospitality, Multi-Family Zoning: Sale Terms: WF & SB Cash to Seller Area & Location Property Visibility: Excellent Feet of Frontage: 194 Traffic/Vehicle Count: 34,000 Highway Access: HIGHWAY 90 GOING WEST TO INTERSTATE 110 NORTH TO INTERSTATE 10. HIGHWAY 90 GOING EAST TO HIGHWAY 605 NORTH TO INTERSTATE 10. Airports: GULFPORT INTERNATIONAL AIRPORT Site Description: LEVEL Property Located Between Located on the South side of Highway 90 between Veterans Ave. and Rodenberg Ave. Close proximity to Casinos, Keesler Air Force Base and Interstate 110. Land Related Lot Frontage: 192.1 Lot Depth: 295.2 Location Address: 1775 Beach Blvd, Biloxi, MS 39531 County: Harrison MSA: Gulfport-Biloxi-Pascagoula Zoning Description: Topography: WF & SB. SEE ATTACHED Level Page 1

Prepared by Sherry Owen, Owen & Co. LLC 228-822-9870 [O] owensherryl@aol.com Licensed to practice Real Estate in Mississippi Property Images Page 2

Prepared by Sherry Owen, Owen & Co. LLC 228-822-9870 [O] owensherryl@aol.com Licensed to practice Real Estate in Mississippi Front 3 Google Street Aerial Street Aerial both Parcels Property Contacts Sherry OwenSherry Owen Owen & Co. LLC 228-822-9870 [O] OwenSherryL@aol.com Page 3 Copyright Mississippi Commercial Association of REALTORS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Mississippi Commercial Association of REALTORS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.

1 7 7 5 B e a c h B l v d Z o n i n g M a p DISCLAIMER: Any user of this map product accepts its faults and assumes all responsibility for the use thereof, and further agrees to hold The City Biloxi harmless from and against any damage, loss or liability arising from any use of the map product. Users are cautioned to consider carefully the provisional nature of the maps and data before using it for decisions that concern personal or public safety or the conduct of business that involves monetary or operational consequences. Conclusions drawn from, or actions undertaken, on the basis of such maps and data, are the sole responsibility of the user. 1 inch = 173 feet February 18, 2016 0 90 180 270 360 Feet

Biloxi, MS Land Development Ordinance Page 1 of 3 (H) - WF: Waterfront District The Waterfront (WF) District is established and intended to accommodate principally working waterfront development providing access to or support of Biloxi's traditional commercial seafood and recreational fishing/water sports industries including uses associated with the launching, berthing, hauling, fueling, storage, repair, or construction of boats, and the unloading, processing, icing, or shipping of seafood. the WF District is also intended to accommodate uses and visitor amenities that support or complement the city's seafood and recreational fishing/water sports industries (e.g., seafood markets and restaurants, aquariums, museums, shops, and entertainment uses). Hotel, gaming, and residential uses also may be appropriate in WF Districts to the extent they complement and are compatible with working waterfront development. WF Zoning is appropriate along those portions of East Biloxi's waterfront where seafood and recreational fishing/water sports uses exist or are planned. district standards encourage views of the water and pedestrian accessibility to the waterfront, among district uses, and to the downtown and other nearby centers of activity. they also call for compliance with the city's Flood Damage Prevention Ordinance. TABLE 23-3-3(H): WF DISTRICT BASIC INTENSITY AND 1 DIMENSIONAL STANDARDS sf = square feet ft = feet = not applicable Dwelling units per acre, max. 30 Floor area ratio (FAR), max. 2.00 Lot width, min. (ft) 100 Lot depth, min. (ft) 100 Impervious surface area, max. (% of lot area) 80 Height, max. (ft) 175 Front setback, min. (ft) 25 2 3 Corner side setback, min. (ft) 12.5 4 Side setback, min. (ft) 5 4,5 Rear setback, min. (ft) 10 5 NOTES: 1. Townhouse lots require a min. area of 1,800 sf. 2. 18 ft for townhouse lots. 3. 16 ft for accessory buildings. 4. For townhouses, applicable only to outer side of end unit. 5. 3 ft for accessory structures.; Fig. 23-3-3(H)(1): WF Example Lot Pattern Fig. 23-3-3(H)(2): WF Example Building Form Fig. 23-3-3(H)(3): WF Example Building Form Figure 23-3-3(H)(4): WF Example Lot Configuration 2/18/2016

Biloxi, MS Land Development Ordinance Page 2 of 3 2/18/2016 (I) - SB: Sand Beach District The Sand Beach (SB) District is established and intended to achieve the purposes served by the manmade sand beach and seawall constructed and maintained by federal, state, and local authorities along the Mississippi sound shoreline i.e., to protect and conserve the coastline, facilitate the management of windblown sand erosion, provide improved public access to the shoreline and beach for recreational use, provide beach amenities that create and contribute to public enjoyment of recreational opportunities offered by the sand beach, and respect and complement the land uses adjacent to the sand beach. To foster these purposes, the SB District is largely limited to open space uses, but also accommodates improvements that such uses, including pedestrian and bicycle paths and amenities, bus transit stops, parking facilities, public restrooms, comfort stations, picnic shelters, open space and recreational facilities, trash receptacles, plantings, fencing, stormwater facilities, lighting, and related signage. appropriate uses in the SB District also include beaching vending uses, art shows, festivals, and other temporary special events. Structures are generally limited to portable structures or small permanent structures and should be storm resilient in design and placement. TABLE 23-3-3(I): SB DISTRICT BASIC INTENSITY AND DIMENSIONAL STANDARDS sf = square feet ft = feet = not applicable Dwelling units per acre, max. Floor area ratio (FAR), max. Lot width, min. (ft) Lot depth, min. (ft) Impervious surface area, max. (% of lot area) Height, max. (ft) 16 Front setback, min. (ft) Corner side setback, min. (ft) Side setback, min. (ft) Rear setback, min. (ft) Fig. 23-3-3(I)(1): SB Example Development Fig. 23-3-3(I)(2): SB Example Development Figure 23-3-3(I)(3): SB Example Development Configuration

Biloxi, MS Land Development Ordinance Page 3 of 3 2/18/2016

1 7 7 5 B e a c h B l v d F l o o d a n d E l e v a t i o n s M a p DISCLAIMER: Any user of this map product accepts its faults and assumes all responsibility for the use thereof, and further agrees to hold The City Biloxi harmless from and against any damage, loss or liability arising from any use of the map product. Users are cautioned to consider carefully the provisional nature of the maps and data before using it for decisions that concern personal or public safety or the conduct of business that involves monetary or operational consequences. Conclusions drawn from, or actions undertaken, on the basis of such maps and data, are the sole responsibility of the user. 1 inch = 173 feet February 18, 2016 0 90 180 270 360 Feet