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10573 Hwy 49
Gulfport, MS 39503

West Community Center · Retail Property For Sale

Investment Highlights

  • Corner Location on US Hwy 49 Just North of I-10
  • Far side of intersection
  • Signaled Intersection
  • High Traffic Counts

Executive Summary

THIS IS THE SALE OF A 16TH SECTION SCHOOL LAND LEASEHOLD INTEREST. THIS IS NOT A FEE SIMPLE SALE

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Retail
Building Size
6,350 SF
Building Class
B
Year Built
2016
Price
$2,170,000
Price Per SF
$342
Cap Rate
7.87%
NOI
$170,702
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.02
Lot Size
6.75 AC
Zoning
B-4 - Highway Commercial
Parking
74 Spaces (11.65 Spaces per 1,000 SF Leased)

Amenities

  • Corner Lot
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Drive Thru
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0809D-03-001.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$502,518
  • Listing ID: 29232153

  • Date on Market: 8/9/2023

  • Last Updated:

  • Address: 10573 Hwy 49, Gulfport, MS 39503

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