123 Ocean Wave Ave Long Beach, MS 39560-5017
This exceptional opportunity presents 5+ acres of prime industrial land in Long Beach, Mississippi's Ocean Wave Industrial Park. The property, encompassing five individually sellable lots ranging in size from approximately 0.35 to 5.2 acres, is zoned I-1 Industrial Park, offering significant flexibility for various industrial uses. Included is a 4,800 square foot warehouse, though it requires some renovation. The seller will clear the site prior to closing, ensuring a clean and ready-to-develop parcel. The land is offered at $771,033, translating to $3.40 per square foot. The property is held in fee simple and is suitable for a 1031 exchange. Two separate addresses are available within the 5+ acre parcel: 123 N Ocean Wave Ave and 160 N Ocean Wave Ave, both located in Harrison County, Mississippi, zip code 39560. This presents a unique chance to acquire a substantial piece of industrial real estate in a convenient Long Beach location. The property's size and zoning make it ideal for a variety of industrial projects, offering a strong return on investment. The flexibility of purchasing individual lots allows for tailored acquisition to meet specific needs and budgets. Don't miss this chance to secure a valuable asset in a thriving industrial area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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.