1702 23Rd AveGulfport, MS 39501

Property Details for 1702 23Rd Ave

Year built

1907

Lot size

0.11 AC

Property size (Sq ft)

1,422 SF

Property type

Office properties

Property subtype

Other office properties

APN

0811F-02-045.000

APU

0811F02045000

Description

This charming, 1,440 sq ft, single-story commercial building sits on a 0.11-acre corner lot in the heart of downtown Gulfport, Mississippi (39501). Built in 1907, this historically significant property boasts original hardwood floors and is zoned T4+. Its prime location directly across from the Harrison County Courthouse and Small Claims Court offers unparalleled visibility and accessibility. The Federal Courthouse, Mayor's office, and Aquarium are also within easy walking distance, as are numerous downtown shops and restaurants. The building features a full bath, two half baths, a kitchen, and a large storage area. Its current layout includes several private offices and two open areas, making it ideal for a variety of uses, including office space, a live/work arrangement, or an investment property. Easy access to I-10, the airport, and Mississippi's beautiful beaches adds to its appeal. The property's previous uses include an art studio and an insurance office, demonstrating its versatility. This is a rare opportunity to own a piece of Gulfport history. APN: 0811f-02-045.000. The building is currently vacant.

• CAP approach

  CAP return

  Valuation

  6%

  $225,503

  6.5%

  $208,157

  7%

  $193,288

• Comparable approach

  Method

  Valuation

  Relative Method

  $108,471

  Geo Method

  $101,090

• Alternative Use

  Use

  Valuation

  Residential

  $258,114

  Hospitality

  $236,431

  Educational

  $196,708

  Medical

  $203,473

  Retail

  $305,990

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3716

Longitude

-89.09

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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