4416 Railroad StGulfport, MS 39501

Property Details for 4416 Railroad St

Year built

1976

Lot size

0.29 AC

Property size (Sq ft)

2,432 SF

Property type

Office properties

APN

0711J-07-050.000

APU

0711J07050000

Description

This exceptional 4,200 square foot retail property in Gulfport, Mississippi, presents a lucrative investment opportunity. Situated on a 0.29-acre lot at 4416 W Railroad Street, its prime location near Memorial Hospital ensures high visibility and foot traffic. The building is currently divided into two separate rental units, each offering significant potential. One unit is occupied by a thriving liquor store, generating consistent revenue. The other unit, equally spacious, is currently vacant, providing immediate opportunity for lease income or expansion of the existing business. Each unit includes two restrooms for tenant convenience. The vacant unit boasts an added advantage with two showers and washer/dryer hookups, expanding its appeal to a wider range of potential tenants. The property's existing income stream, combined with the potential for increased revenue from the vacant space, makes this a compelling investment for those seeking a strong return. The building's layout and amenities are well-suited for a variety of retail uses, offering flexibility and adaptability to meet diverse business needs. This is a rare chance to acquire a well-located, income-producing property with significant upside potential in a growing market. The asking price is $159,900.

• CAP approach

  CAP return

  Valuation

  6%

  $385,670

  6.5%

  $356,003

  7%

  $330,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $185,515

  Geo Method

  $172,891

• Alternative Use

  Use

  Valuation

  Residential

  $441,444

  Hospitality

  $404,360

  Educational

  $336,423

  Medical

  $347,993

  Retail

  $523,325

Location Insight

City

Gulfport

County

Harrison

State

Mississippi

Latitude

30.3624

Longitude

-89.1173

CBSA code

25060

CBSA name

GULFPORT-BILOXI, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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