520 33Rd StGulfport, MS 39507

Property Details for 520 33Rd St

Year built

1971

Lot size

0.35 AC

Property size (Sq ft)

5,951 SF

Property type

Office properties

Property subtype

Other office properties

APN

0910N-07-019.000

APU

0910N07019000

Description

This exceptional 5,961 square foot executive office building in Gulfport, Mississippi, is offered at an attractive price of $399,000, or $66.94 per square foot. Located at 520 33rd St, 39507, this property boasts a General Business zoning designation, offering considerable flexibility for a variety of uses. The building's layout could easily accommodate three separate office suites, providing an ideal opportunity for multiple tenants or a single large operation. Previously occupied by an engineering firm, the building is ready for immediate occupancy. Access is conveniently available from Hewes Avenue. This prime Gulfport location offers excellent visibility and accessibility, making it an attractive investment for businesses seeking a well-established and versatile space. The building's size and zoning make it suitable for a range of professional services, and its competitive price point presents a compelling investment opportunity in a thriving Mississippi market. The property is situated in Harrison County and offers a significant amount of space for a variety of business needs. This is a rare opportunity to acquire a well-located, adaptable office building at a highly competitive price.

• CAP approach

  CAP return

  Valuation

  6%

  $943,718

  6.5%

  $871,125

  7%

  $808,902

• Comparable approach

  Method

  Valuation

  Relative Method

  $453,948

  Geo Method

  $423,057

• Alternative Use

  Use

  Valuation

  Residential

  $1,080,195

  Hospitality

  $989,453

  Educational

  $823,213

  Medical

  $851,524

  Retail

  $1,280,553

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3906

Longitude

-89.0605

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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