120 Railroad StLong Beach, MS 39560

Property Details for 120 Railroad St

Year built

1885

Property size (Sq ft)

16,555 SF

Property type

Retail residential properties

APN

0612B-04-029.000

APU

0612B04029000

Description

This exceptional 2.22-acre commercial land parcel, located at 120 East Railroad Street in Long Beach, Mississippi, presents a unique investment opportunity. Situated in the heart of downtown Long Beach, the property boasts excellent street frontage and high visibility, ensuring maximum exposure for any development. The land is zoned C2 (highway commercial), allowing for a wide array of commercial uses, including office buildings, retail spaces, restaurants, and more. High-density residential development is also permitted. The property sits at a high elevation, approximately 26 feet above mean sea level, eliminating flood hazard concerns. Existing infrastructure includes a culverted and covered drainage swale, east and west of the property, ensuring efficient water management. The well-drained, sandy soil is ideal for construction, making this site ready for immediate development. Dimensions are approximate. The asking price is $395,000, translating to a land value of $4.08 per square foot. This prime location and versatile zoning make this property an exceptional investment for discerning buyers seeking a high-impact commercial development opportunity in a thriving Mississippi coastal community.

• CAP approach

  CAP return

  Valuation

  6%

  $3,255,393

  6.5%

  $3,004,978

  7%

  $2,790,337

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,957,387

  Geo Method

  $1,824,187

• Alternative Use

  Use

  Valuation

  Residential

  $3,004,978

  Hospitality

  $2,752,544

  Educational

  $2,290,084

  Medical

  $2,368,844

  Retail

  $3,562,353

Location Insight

City

Long Beach

County

Harrison

State

Mississippi

Latitude

30.351

Longitude

-89.1526

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].