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    2624 54Th St Gulfport, FL 33707

    For Sale
    $899,000

    Prime Gulfport location, redevelopment potential.

    Property size:
    3,972 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 3,972 square foot mixed-use property, situated on a 0.25-acre lot at 2624 54th Street S in Gulfport, Florida, presents a unique investment opportunity. The single-story building, constructed of block, boasts high ceilings, a kitchen, three restrooms, a spacious open entry area, and a welcoming front porch. A large open community area and multiple sizable storage rooms, adaptable as offices, are also included. The property features central air conditioning. The grounds are enhanced by mature vegetation in a sizable front and side yard. Currently operating as a preschool under a special city permit, the property is zoned "neighborhood," offering potential for redevelopment into single-family or multi-family housing. The surrounding area is a vibrant, safe, and established Gulfport neighborhood, characterized by beautiful single-family homes and expansive parks. Its proximity to downtown Gulfport, renowned for its artistic community, diverse culinary scene, and lively entertainment options along the Gulf Coast beaches, adds significant appeal. Comparable homes in the neighborhood are valued at $300 to $500 per square foot or more. The existing use permit for educational purposes is transferable to a new owner. Prospective buyers are solely responsible for verifying zoning and usage regulations with local authorities. This property offers a compelling blend of existing functionality and significant redevelopment potential in a highly desirable location.

    Property Features for 2624 54Th St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    3,972 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1958
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Pinellas
    State
    Florida
    Longitude
    -82.70621
    Latitude
    27.74373

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Gulfport location, redevelopment potential.
    Where is this mixed-use property located?
    The property is located at 2624 54Th St Gulfport, FL.
    What is the asking price?
    The asking price for this property is $899,000.
    (727) 584-7355
    Request Owner's contact information
    2624 54Th St Gulfport, FL 33707
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    Gulfport, FL 33707
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2624 54Th St Gulfport, FL 33707
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