12100 Highway 49Gulfport, MS 39503

Property Details for 12100 Highway 49

Year built

1968

Lot size

0.70 AC

Property size (Sq ft)

5,743 SF

Property type

Retail properties

Property subtype

Banks

APN

0808E-02-034.000

APU

0808E02034000

Description

This exceptional 11,000-square-foot retail property presents a unique investment opportunity in the thriving Gulfport, Mississippi market. Situated on a spacious 13.1-acre lot, this single-tenant building boasts prime visibility and accessibility directly off Highway 49. The property is located within an established shopping center, ensuring high foot traffic and brand recognition. The building's substantial size offers ample space for a variety of retail uses, providing flexibility for potential tenants. Its strategic location alongside well-known businesses such as Healing Gardens, The Gallery Salon, and Alan Belcher's MMA, further enhances its appeal and potential for success. The property is classified as Commercial Retail Land and is a single-tenant building. The Harrison County location offers excellent access to major transportation routes and a strong customer base. This property is ideal for an investor seeking a high-visibility retail space in a bustling commercial area. The substantial lot size also presents potential for future expansion or development. This is a rare opportunity to acquire a significant retail property in a prime Gulfport location. Serious inquiries are encouraged to explore the potential of this exceptional offering.

• CAP approach

  CAP return

  Valuation

  6%

  $1,338,778

  6.5%

  $1,235,795

  7%

  $1,147,524

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,103,964

  Geo Method

  $1,028,840

• Alternative Use

  Use

  Valuation

  Residential

  $1,042,440

  Hospitality

  $954,869

  Educational

  $794,440

  Medical

  $821,762

  Retail

  $1,235,795

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.4589

Longitude

-89.0994

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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