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1501 24th Avenue, Gulfport, MS 39501

$475,000
Property Type: Commercial Sale Bedrooms: 3 Baths: 3 Square Footage: 5,258 Lot Size (sq. ft.): 12,197 Status: Active
Current Price: $475,000 List Date: 10/28/2021 Last Modified: 3/28/2024

Description

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. City is offering a 7 year tax abatement for renovation projects exceeding $250k excluding cost of acquisition that meet their guidelines attached. This property is also in a Opportunity Zone where investors that want to defer or eliminate capital gains taxes are actively looking. See https://www.cdfifund.gov/opportunity-zones & https://www.nar.realtor/qualified-opportunity-zones for more info. Make your appointment today!!!

More Information MLS# 4001461

Address and Location Information

Street Number: 1501 Street Name: 24th Street Suffix: Avenue County: Harrison State: MS Zip Code: 39501 Nearest Cross Street: 15th Street Parcel Number: 0811f-03-016.000 Subdivision: Original Gulfport Directions to Property: Turn off Highway 49 to go east one block to turn onto 24th Avenue whichever direction needed to go to the building where 24th Avenue intersects with 15th Street. N or S of I-10: S N or S of CSX Railroad Track: S

Listing Information

Status: Active List Date: 2021-10-27 List Price: $475,000 Current Price: $475,000 Property Sub Type: Retail Listing Service: Full Service New Construction: No Property Condition: Fixer Never Occupied: No

Co-Op and Commission Information

Buyer Agency Compensation: 3 Buyer Agency Comp Type: %

General Property Information

Approx Lot Size Acres: 0.28 Lot Size Dimensions: 75x86x27x72x74x78x10x82 Approx H/C SqFt: 5258 Office Square Footage: 5258 Warehouse Square Footage: 5258 SqFt Source: Appraiser List Price/SqFt: 90.34 Number of Lots: 4 Divisible: No Year Built: 1920 Year Built Source: Assessor Total Floors: 1 Bedrooms Total: 3 Bathrooms Total: 3 Bathrooms Full: 3 Fireplace: No Pool: No School District: Gulfport Dist Elementary School 2: Central Middle or Junior School: Central Middle School High School: Gulfport Accessibility Features: Yes

Tax and Financial Information

Tax Year: 2021 Flood Insurance Required?: Subject to Survey Leasehold Y/N: No 16th Section: No Leasehold Fee Increase: No Sold In Previous 12 Months: No Association: No Legal Description: BEG 27.3 FT S OF NE COR OF LOT 2 BLK 160 ORIGINAL GULFPORT SUBD ON W MAR OF 24TH AVE SWLY 83.3 FT S 7.9 FT W 80.2 FT S 7

Remarks & Miscellaneous

Public Remarks: 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. City is offering a 7 year tax abatement for renovation projects exceeding $250k excluding cost of acquisition that meet their guidelines attached. This property is also in a Opportunity Zone where investors that want to defer or eliminate capital gains taxes are actively looking. See https://www.cdfifund.gov/opportunity-zones & https://www.nar.realtor/qualified-opportunity-zones for more info. Make your appointment today!!!

Commercial Features

Frontage Feet: 75 Number of Restrooms: 4 Number of Rooms: 8

Auction

Auction: No

Parking Features

Parking Total: 11

Showing Requirements

Showing: Appointment Required Appointment Phone: 228-323-0607 Lockbox Location: Front Door

Basement Features

Basement: No

Parking Spaces

# Parking Spaces Uncovered: 20

Property Features

Business Type: Church; General Business; Nursing Home; Office Condo; Professional/Office; Real Estate; Restaurant; Retail; Senior Housing; Special Purpose; Variety; Warehouse Current Use: Mixed Use; Place of Worship Possible Use: Barber/Beauty; Commercial; Food Service; Medical; Professional/Office; Restaurant; Retail; Warehouse Commercial Features: Display Window(s); Fenced; Fiber Optic Available; Fire Alarm; Living Space Available; Public Restroom(s); Security System; Smoke Detector(s) Structure Type: Lowrise 1-2 Floors Lot Features: City Lot; Cleared; Fenced; Irregular Lot; Near Beach; Zero Lot Line Location: Central Business District; City Street; Commercial Retail; Downtown; Freestanding; Historic Area; Paved Levels: One Square Footage Description: Ofc. Bldg 5000-10000 SF; Retail Bldg Over 5000 SF; Warehouse 5000-20000 SF Expenses Include: Common Area; Electric; Gas; Insurance; Janitorial Service; Licenses; Maintenance; Management Walls - Interior: Sheetrock Lighting: Fluorescent; Security Flooring: Concrete; Tile Accessibility Features: Visitor Bathroom Cooling: Central Air; Electric; Zoned Heating: Central; Natural Gas; Zoned Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected; Cat-5 Prewired Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Conventional; Lease Purchase; Owner May Carry Sale Options: Will Lease; Will Not Divide Exterior Construction/Siding: Block Roof: Flat Exterior Features: Uncovered Courtyard Driveway Features: Paved Drive; Rear Entrance Parking Features: Additional Parking; On Site; Paved; RV Access/Parking; Uncovered Parking Additional Transportation: Airport 3+ Miles; City Street; Paved Pool Features: None Religious/Church Features: Kitchen Flood Insurance: No Previous Flood Inside; Subject to Survey Water Heater: 40 Gallons or Less; Electric Price Includes: Building and Land; Building Only; Some Appliances Available Documents: Floor Plan(s) Approx Age Code: Older 25+ Years Uncovered Parking?: 1-25 Spaces
Listing Office: New Horizons Realty, Inc.
Listing Agent: James Overstreet
Last Updated: March - 28 - 2024

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