1317 26Th AveGulfport, MS 39501

Property Details for 1317 26Th Ave

Year built

1905

Lot size

0.24 AC

Property size (Sq ft)

26,958 SF

Property type

Office properties

APN

0811K-04-024.000

APU

0811K04024000

Description

This exceptional commercial property, located at 1317 26th Avenue in the heart of Downtown Gulfport, Mississippi, presents a unique investment opportunity. The property consists of a three-story, 26,958 square foot building situated on a 0.24-acre lot (10,300 square feet), with an additional 2.365 acres of land also available. Built in 1905 and extensively renovated in 2023, this building offers a blend of historic charm and modern amenities. Currently configured with multiple suites, three spaces are immediately available, ranging from 112 to 215 square feet. The building features a convenient elevator and is zoned T-5 Heavy Commercial Zone, offering flexibility for a variety of uses. Shared amenities for tenants include male and female restrooms, conference rooms, a welcoming lobby, and a comfortable break room. The property boasts 105 feet of frontage, providing excellent visibility and accessibility. The Harrison County Assessor's Parcel Number (APN) is 0811K-04-024.000. This is an excellent opportunity to acquire a well-maintained, historically significant commercial building in a thriving downtown area. All information should be independently verified.

• CAP approach

  CAP return

  Valuation

  6%

  $4,845,050

  6.5%

  $4,472,350

  7%

  $4,152,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,056,380

  Geo Method

  $1,916,440

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $8,305,500

  Retail / Commercial

  $4,356,810

  Mixed-Use / Specialty

  $4,418,340

  Hospitality / Lodging

  $3,341,920

  Institutional / Educational

  $4,620,830

  Residential Income

  $5,406,370

  Multifamily

  $6,056,900

  Automotive / Energy

  $3,960,710

  Parking / Income-Based Land

  $1,290,660

  Restaurant / Food Service

  $2,462,470

  Healthcare / Senior Housing

  $4,451,900

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3677

Longitude

-89.0942

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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