Property profile

860 23Rd Ave Gulfport, MS 39501

OFF-MARKET
Land
2.6 ac lot
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Property summary

AI-generated overview

This exceptional 2.6-acre property, located at 860 S 23rd Ave in Gulfport, Mississippi (APN: 0811K-02-007.001), presents a unique investment opportunity. Zoned for General Commercial use, this land boasts a strategic location north and adjacent to the Yacht Club, offering unparalleled visibility and access. The property's composition includes 1.8 acres of hard land and 0.8 acres of bottom land, providing versatility for various development plans. Previously approved for gaming development, this site offers significant potential for a wide range of commercial ventures. Its prime location within the vibrant Gulfport harbor ensures high traffic and exposure, making it an ideal site for businesses seeking a prominent presence in this thriving coastal community. The asking price for this remarkable property is $4,500,000. The property's zoning and previous approvals significantly reduce development hurdles, making it an attractive investment for developers and entrepreneurs alike. This is a rare opportunity to acquire a substantial parcel of land in a highly desirable location with a proven track record of commercial viability. The 39501 zip code offers easy access to major transportation routes and amenities, further enhancing the property's appeal.

Property profile

Verified
Property type Land
Lot 2.6 ac (113,256 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

860 23Rd Ave Gulfport, MS 39501
Gulfport metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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