2624 54Th St Gulfport, FL 33707

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.