Zoned Commercial
1306 29th Avenue Gulfport, MS 39501
1306 29th Avenue, Gulfport, MS, 39501
$1,080,000
For Sale
$1,080,000
COMMERCIAL - Gulfport, MS
Property Size8,195 SF
Lot Size0.40 Acres
Price / SF$131.79
Days on Market275
Property Features for 1306 29th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 26
- Standard status
- Active
- APN
- 0811l-01-016.000
- Size
- 8,195 SF
- Lot size
- 0.40 Acres
Taxes and HOA fees
- Tax Year
- 1924
- Tax Description
- Lots 23 to 26 Blk 176 Original Gpt. & Lots 20 to 22Blk 176 Original Gpt.
- Tax Annual Amount
- 8364
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1962
- Flooring type
- Vinyl
- Roof type
- Metal
Listing Agency
RE/MAX Choice Properties
(228) 896-3033
520 E Pass Rd., Suite N, Gulfport, MS
Listed by
Jay E Schroeder · License #B8092
(228) 861-2115
Added: Oct 15, 2025 Checked: Jul 16 at 9:06 pm
MLS# 4128743
Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial building at 1306 29th Avenue in Gulfport, MS comprises approximately 8,195 square feet on a 0.4-acre lot. The property is zoned T6, described as similar to B2, and it has been used for a winery and later as the Crescent School of Gaming and Bartending.
With a history of operating as both a wine facility and an educational program focused on gaming and bartending, the building’s interior configuration reflects past specialty uses and may be suitable for a range of commercial concepts, subject to applicable requirements.
For sale (and noted as available for lease in the remarks), this is a single, defined commercial facility rather than vacant land, offering an established structure for a new owner or operator to evaluate.
With a history of operating as both a wine facility and an educational program focused on gaming and bartending, the building’s interior configuration reflects past specialty uses and may be suitable for a range of commercial concepts, subject to applicable requirements.
For sale (and noted as available for lease in the remarks), this is a single, defined commercial facility rather than vacant land, offering an established structure for a new owner or operator to evaluate.
Key Highlights
- Prime downtown location with high visibility
- Zoned T6 (similar to B2) offering versatile usage options
- Suitable for retail, services, entertainment, manufacturing, or more
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $115.1k | $14.04 |
| − Vacancy | −$9.8k | −$1.19 |
| EGI | $105.3k | $12.85 |
| − OpEx | −$31.6k | −$3.85 |
| NOI | $73.7k | $8.99 |
8,195 SF · lease $14.04/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.05M
$921.2K – $1.23M
NOI $73,695 @ 7.0% cap · market cap 6.82%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.32M
$1.16M – $1.54M
NOI $92,415 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Crescent School of Gaming ...
Vocational School
Similar For Sale Nearby
FAQs
What type of property is this?
School - Commercial building zoned T6 (similar to B2) with prior winery and gaming/bartending school use.
Where is this school located?
The property is located at 1306 29th Avenue Gulfport, MS.
What is the asking price?
The asking price for this property is $1,080,000.
What are key features of this property?
This property features: Prime downtown location with high visibility; Zoned T6 (similar to B2) offering versatile usage options; Suitable for retail, services, entertainment, manufacturing, or more
