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1501 24th Ave
Gulfport, MS 39501
Downtown Building · Office Property For Sale


INVESTMENT HIGHLIGHTS
- Opportunity Zone
- Street parking spaces in the front and a gated back lot with parking spaces.
EXECUTIVE SUMMARY
Location, Location, Location!!! Single story building within two blocks of MS Aquarium in walkable downtown district with lots of office space, restaurants and night life. Building has a one bedroom apartment on the south, large space in the middle and office with half bath to the north so could easily be mix use with city approval. Street parking spaces in the front and a gated back lot with parking spaces. Current use is a Youth For Christ Teen Center with a large assembly room, two table game areas, 2 kitchens, 4 bathrooms, numerous storage rooms & a skate park in the rear parking lot that is ideal for a church or game room with no alcohol due to being to near a church. Extra parking on south side is not listed but owner said he would sell. This property is also in a Opportunity Zone where investors that want to defer or eliminate capital gains taxes are actively looking. Contact broker for more details.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
5,258 SF
Building Class
B
Year Built
1920
Price
$387,000
Price Per SF
$73.60
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,258 SF
Building FAR
0.43
Lot Size
0.28 AC
Opportunity Zone
Yes
Parking
15 Spaces (2.85 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Wheelchair Accessible
- Air Conditioning
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