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
Documents
Listing Office: New Horizons Realty, Inc.
Listing Agent: James Overstreet
Last Updated: March - 28 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.