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Investment Highlights

  • In the heart of the Gulf Coast tourist industry. Fantastic location for family entertainment. Outside the casinos! Acreage

Executive Summary

Prime Waterfront Development Opportunity in Downtown Gulfport 3.6 Acres | ±204.48-foot waterfront parcel, ±136.37-foot supporting parcel frontage, and ±340.85 feet combined frontage | Unmatched Location Seize the opportunity to own one of the last available waterfront parcels in Gulfport's rapidly evolving downtown district. Nestled on the edge of the picturesque Gulfport Harbor, this 3.6-acre property offers a prime location for visionary developers, investors, and entrepreneurs seeking to make an impact in one of the Gulf Coast's most vibrant, up-and-coming areas. A Legacy Location with Modern Potential Once home to the iconic Marine Life Oceanarium, a beloved Gulf Coast landmark, this storied site is poised for a new chapter. Situated just steps from the Mississippi Aquarium, Jones Park, and the beaches, this property places you at the center of the action, surrounded by thriving tourism, local events, and the region's finest dining, entertainment, and recreational activities. The nearby Ship Island Ferry terminal brings visitors from near and far, enhancing this area's reputation as a major Gulf Coast destination. Unmatched Water Access & Development Potential This listing includes two parcels totaling 3.6 acres, offering both land and water access that's rare in Gulfport. With ±340.85 Feet of Combined Harbor Frontage and riparian rights on the adjacent Small Craft Harbor, the property is ideal for a variety of commercial or mixed-use developments. Whether you envision waterfront restaurants, retail spaces, entertainment venues, or an innovative multi-purpose complex, the potential here is endless. Gulfport's Revitalization - Be Part of the Future. New developments around downtown Gulfport and the harbor are already attracting visitors and residents alike. This property offers a front-row seat to the revitalization, right next to the action, but with the added benefit of water access. An Iconic Opportunity Properties of this caliber don't come along often. With its historic significance, rare water access, and unparalleled location near major attractions, this parcel is one of Gulfport's most coveted pieces of real estate. It's the perfect canvas for those looking to make a statement, drive innovation, and invest in a prime piece of the Gulf Coast's future. Location. Scale. Prestige. Make this your next investment and be part of Gulfport's exciting future. Lot size and dimensions depicted in the photos are not guaranteed or warranted.

Property Facts

Price $3,950,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 3.60 AC
Cross Streets W Beach Blvd
Opportunity Zone Yes
Zoning MRNA FAC - MRNA FAC

1 Lot Available

Lot

Price $3,950,000
Price Per AC $1,097,222.22
Lot Size 3.60 AC

Two parcels.±204.48-foot waterfront parcel, ±136.37-foot supporting parcel frontage, and ±340.85 feet combined frontage

Description

GULFPORT WATERFRONT OPPORTUNITY A Rare Gulf Coast Destination Development Site Former Marine Life Oceanarium Property | Gulfport, Mississippi For decades, this waterfront property was home to the legendary Marine Life Oceanarium, Mississippi's longest-operating oceanarium and one of the Gulf South's most beloved family attractions. Generations of visitors traveled from across Mississippi, Louisiana, Alabama, Tennessee, Arkansas, Texas, and beyond to experience this iconic destination. Today, this same site stands ready for its next chapter. Positioned within Gulfport's rapidly transforming waterfront district, this approximately 3.6-acre harbor-front property represents one of the last large-scale destination development opportunities remaining on the Northern Gulf Coast. Why This Property Matters In real estate, location is everything. Opportunities like this are increasingly rare. This property offers: Approximately ±340.85 Feet of Combined Harbor Frontage. Direct adjacency to the Gulfport Small Craft Harbor Walkability to Downtown Gulfport Minutes from the Mississippi Aquarium Immediate access to Jones Park and Gulfport Beach Visibility from Beach Boulevard and Highway 49 corridors A built-in tourism market Existing regional name recognition and historical significance Very few sites along the Gulf Coast combine waterfront access, marina frontage, tourism infrastructure, downtown connectivity, and development scale in a single location. Gulfport's Transformation is Underway The area surrounding the property is experiencing unprecedented public and private investment. Channel South Development Approximately $105 Million Investment Located nearby, the Channel South mixed-use development is bringing: Residential units Hospitality accommodations Retail space Restaurants Structured parking Public gathering spaces This transformative project is expected to increase downtown density, visitation, and economic activity for years to come. The Markham Hotel Redevelopment Approximately $30 Million Investment The historic Markham Hotel has been restored and reopened, adding luxury accommodations, event space, dining experiences, and renewed energy to Downtown Gulfport. Mississippi Aquarium One of Mississippi's premier tourism attractions, the Mississippi Aquarium continues to attract visitors from across the Southeast, generating year-round tourism activity and strengthening Gulfport's position as a destination city. A Marina-Centered Lifestyle Following Hurricane Katrina, the City of Gulfport invested approximately $19 million to rebuild and modernize the Gulfport Small Craft Harbor. Reopened in 2011, the harbor now features: 319 boat slips Fuel dock facilities Charter operations Recreational boating Direct Gulf access Walkable waterfront connectivity For hospitality, entertainment, dining, and mixed-use developers, the marina provides a built-in customer base and year-round activity rarely found in comparable markets. Strategic Regional Position Gulfport sits at the center of the Northern Gulf Coast and serves as a regional hub for tourism, commerce, and recreation. The property benefits from proximity to: New Orleans Baton Rouge Mobile Biloxi Hattiesburg Jackson The surrounding region draws millions of visitors annually through its beaches, gaming industry, fishing, boating, festivals, entertainment venues, and family attractions. Traffic, Visibility & Access The property enjoys exceptional exposure within one of South Mississippi's most traveled corridors. Traffic Counts Approximately 46,000 vehicles per day along the nearby Highway 49 corridor Significant local and tourist traffic along Beach Boulevard Marina visitors Aquarium guests Downtown visitors Festival and event attendees This combination of vehicular, pedestrian, boating, and tourism traffic creates a unique opportunity for destination-oriented development. A Vision for the Future The conceptual "Gulfport Wharf" illustration was created to demonstrate the potential of this extraordinary site. While the land itself is being offered for sale, the concept highlights how a waterfront destination could capitalize on the property's location, marina access, tourism base, and regional draw. Potential uses may include: Destination dining Waterfront entertainment Hospitality Retail Event venues Marina-related experiences Mixed-use development The property's size, location, and surrounding investment make it uniquely suited for visionary developers seeking to create a signature destination along the Gulf Coast. An Opportunity for Destination Developers Companies such as major hospitality groups, entertainment developers, marina operators, mixed-use developers, and destination-focused investment firms continually seek locations capable of becoming regional landmarks. Opportunities of this caliber are increasingly scarce. The former Marine Life Oceanarium property offers something difficult to replicate: A waterfront site with history, visibility, marina access, tourism infrastructure, downtown connectivity, and the scale necessary to create a truly memorable destination. As Gulfport continues its upward trajectory, this property stands at the intersection of the city's celebrated past and its promising future. The land is available. The vision is yours to create.

Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
0811K-02-007.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$187,853
  • Listing ID: 40779494

  • Date on Market: 6/3/2026

  • Last Updated:

  • Address: 890 23rd St, Gulfport, MS 39501

Contact the Sale Advisor

890 23rd St

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