9385 Highway 49Gulfport, MS 39503

Property Details for 9385 Highway 49

Year built

1984

Lot size

0.57 AC

Property size (Sq ft)

4,553 SF

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

0809K-02-007.004

APU

0809K02007004

Description

This exceptional 4,553-square-foot retail property, located at 9385 Highway 49 in Gulfport, Mississippi, presents a compelling investment opportunity. The building, constructed in 1984 and extensively renovated in 2024, boasts a Class A designation and sits on a 0.57-acre lot (APN: 0809k-02-007.004). The property features a single-story, joisted masonry construction with a potential drive-through window on the north side. Its prime location offers unparalleled visibility and accessibility, situated directly across from a Walmart Supercenter and just five minutes from the Gulfport-Biloxi International Airport, Crossroads Mall, and Prime Outlets. A total remodel has created a more open floor plan, ideal for retail or restaurant use. Improvements include new wiring, lighting, drywall, and fresh paint. The property benefits from high daily traffic counts, with an estimated 41,000 vehicles passing by daily. Ample parking is available with 31 spaces, including two handicapped-accessible spots, illuminated by energy-efficient LED lighting on sensors. The building also features new air conditioning units installed in 2015 and 2016. The property is zoned for Highway Business use and is offered for sale at $1,500,000 ($329.45/sq ft) with a NNN lease option also available. This is a turnkey opportunity for investors seeking a high-return, well-located retail asset in a thriving market. The previous tenant was Verizon Wireless.

• CAP approach

  CAP return

  Valuation

  6%

  $895,307

  6.5%

  $826,437

  7%

  $767,406

• Comparable approach

  Method

  Valuation

  Relative Method

  $538,326

  Geo Method

  $501,693

• Alternative Use

  Use

  Valuation

  Residential

  $826,437

  Hospitality

  $757,012

  Educational

  $629,825

  Medical

  $651,486

  Retail

  $979,728

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.4234

Longitude

-89.0931

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].