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    2624 54Th St Gulfport, FL 33707

    For Sale
    $899,000

    Prime Gulfport location, ideal for residential or educational use.

    Property size:
    3,972 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This 3,972 square foot, single-story building presents a unique investment opportunity in the heart of Gulfport, Florida. Built in 1963 and renovated in 2000, the property boasts 3,718 square feet of net rentable space, currently operating at 100% occupancy. The building features a 15-foot ceiling height, a kitchen, three restrooms, a large open entry area, a front porch, and multiple storage areas suitable for office space. Central air conditioning is installed. The 10,800 square foot lot includes a spacious front and side yard with mature landscaping. Ten parking spaces are available. The property is zoned "Neighborhood," allowing for single-family or multi-family residential development, or continued use as an educational facility under a special exemption. Its proximity to downtown Gulfport and the beaches makes it highly desirable. The asking price is $899,000, translating to $226.33 per square foot. The current lease expires June 1, 2024, with no remaining term. The buyer is responsible for verifying zoning and use requirements with local authorities. This property offers significant potential for redevelopment or continued operation as an educational institution. The existing structure provides a solid foundation for either venture, situated within a vibrant and established neighborhood.

    Property Features for 2624 54Th St

    General Information

    Property type
    Churches & religious facilities
    Square Feet
    3,972 SF

    Building Details

    Year Built/Renovated
    1963/2000
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • $899,000 asking price for a 3,972 SF single‑story building.
    • Located in desirable Gulfport, FL, near downtown and beaches.
    • Neighborhood zoning permits single‑family or multi‑family development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    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
    -82.7061441
    Latitude
    27.7439022

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    FAQs

    What type of property is this?
    Church & religious facility - Prime Gulfport location, ideal for residential or educational use.
    Where is this church & religious facility 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.
    What are key features of this property?
    This property features: $899,000 asking price for a 3,972 SF single-story building.; Located in desirable Gulfport, FL, near downtown and beaches.; Neighborhood zoning permits single-family or multi-family development.
    (727) 584-7355
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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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