479 Eighth St Long Beach, MS 39560
This 1.3-acre commercial lot in Long Beach, Mississippi (APN 0611P-04-067.000), is zoned R2 and offered at $75,000 fee simple. The property features partially completed four-plex condominium construction, with three of four building slabs poured. Construction was halted in 2008 due to financing issues related to the economic recession. While city records are incomplete, a local engineer believes the existing slabs and potentially the unexposed PVC plumbing could be certified, potentially reducing construction costs for a new project. A proposal utilizing the existing foundations would need to be presented to the Long Beach Planning Commission for approval. The property's address is 479 8th St, Long Beach, MS 39560. Original building sketches are available. This presents a unique opportunity for a developer to potentially realize significant cost savings by leveraging the existing infrastructure. The property's location in Harrison County offers potential for strong returns.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.