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    1501 24Th Ave Gulfport, MS 39501

    For Sale
    $410,000

    Downtown Gulfport retail building, 5,258 sq ft, 0.28 acres.

    Property size:
    5,258 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 5,258 square foot retail property is situated in the heart of downtown Gulfport, Mississippi, just two blocks from the Mississippi Aquarium. Its prime location within a vibrant district brimming with offices, restaurants, and nightlife ensures high visibility and foot traffic. The single-story building offers a flexible layout, currently configured as a youth center but easily adaptable to various uses with city approval. The space includes a one-bedroom apartment on the south side, a large central area, and an office with a half-bath to the north, making it ideal for mixed-use development. Ample parking is available, with street parking in front and a gated rear lot. Interior features include a large assembly room, two game areas, two kitchens, and four bathrooms, along with numerous storage rooms. A rear-lot skate park offers additional potential for recreational or entertainment uses, subject to zoning regulations. The property sits on a 0.28-acre lot and is located in an Opportunity Zone, presenting significant tax advantages for qualified investors seeking to defer or eliminate capital gains taxes. Additional parking on the south side is available for separate purchase. This versatile property presents a unique opportunity for a variety of businesses seeking a high-traffic, centrally located space in a thriving downtown area.

    Property Features for 1501 24Th Ave

    General Information

    Property type
    Retail properties
    Square Feet
    5,258 SF
    Lot Size
    12,197 SF

    Building Details

    Year Built
    1920
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Law Firm Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.09191
    Latitude
    30.36933

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    FAQs

    What type of property is this?
    Retail property - Downtown Gulfport retail building, 5,258 sq ft, 0.28 acres.
    Where is this retail property located?
    The property is located at 1501 24Th Ave Gulfport, MS.
    What is the asking price?
    The asking price for this property is $410,000.
    (228) 323-0607
    Request Owner's contact information
    1501 24Th Ave Gulfport, MS 39501
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    Gulfport, MS 39501
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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
    1501 24Th Ave Gulfport, MS 39501
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