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Property profile & analytics
OFF-MARKET
Warehouses

123 Ocean Wave Ave Long Beach, MS 39560-5017

4,800 SF Built 1981
Individually Owned Absentee Owner Free & Clear
Property ID
US50-0366355
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1981
Total area 4,800 SF
APN 0711M-02-002.002
UPID US50-0366355
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
RONALD JEFFERSON
RONALD JEFFERSON
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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