For Sale
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Property summary
This exceptional mixed-use property, located at 5437 29th Avenue S in the vibrant Gulfport Arts District, presents a rare investment opportunity. Boasting 5,156 square feet on a 0.23-acre lot, this building offers a unique blend of commercial and residential spaces. The property includes two one-bedroom, one-bathroom apartments, providing immediate rental income potential. In addition, four individual workshop/studios are available, ideal for artists, artisans, or small businesses. The strategic location near the bustling waterfront, with its numerous bars, restaurants, shops, and boutiques, ensures high visibility and significant foot traffic throughout the year. Its close proximity to the beautiful Gulfport beach and pier further enhances its appeal. This property is zoned for both commercial and residential use, offering flexibility for a variety of investment strategies. The strong existing tenant base and the high demand in this sought-after area promise a consistent return on investment for years to come. This is a truly unique opportunity to acquire a well-established, income-generating property in a thriving Gulfport location. The asking price is $2,200,000.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor
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Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Gulfport market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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