26 Terrace Ave Waveland, MS 39576
This exceptional 0.4-acre commercial property, encompassing 17,424 square feet, presents a remarkable investment opportunity in the vibrant coastal town of Waveland, Mississippi. Situated on Lots 25 and 26 of Terrace Avenue, this property enjoys an enviable location, just a short stroll from the beautiful white sandy beaches. Its ideal positioning makes it perfect for a diverse range of commercial ventures, including shops, restaurants, bars, or offices. The property's proximity to the beach, the Waveland Pier, and Buccaneer State Park offers unparalleled access to recreational activities and stunning natural beauty. The charming atmosphere of Waveland, combined with its easy access to Old Town Bay St. Louis via golf cart, creates a unique and appealing environment for both businesses and residents. This is a chance to establish a thriving business in a high-demand coastal community, capitalizing on the area's growing popularity as a tourist destination and residential haven. The property's size and location provide ample space for development, allowing for significant flexibility in design and functionality. This is an exceptional opportunity for entrepreneurs, investors, and developers seeking a prime location to build or expand their commercial interests in a thriving Gulf Coast community. The potential for success in this area is undeniable, making this property a truly compelling investment. The asking price is $150,000.
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.