360 Courthouse Rd - Freestanding FOR SALE


Gulfport, MS 39507
$1,500,000 USD
228-547-0707
360 Courthouse Rd, Gulfport, MS for Sale
$1,500,000 USD
Freestanding - FOR SALE
1/9
null | 7.51% Cap Rate

360 Courthouse Rd
Gulfport, MS 39507


OVERVIEW

SOUTHEAST COMMERCIAL is pleased to offer FOR SALE the income producing commercial development, at 360 Courthouse Road in Gulfport, MS. The property provides consistent rental income from a strong tenant mix, including Wells Fargo Advisors, Enhabit Home Health & Hospice, Chuck Kelly’s Salon & Spa (20+ years at this location), and Cat Island Coffee & Books. The development is a collection of free standing buildings situated on 2.03 acres and surrounded by beautiful Live Oak Trees. There are a vacant areas for additional buildings, providing even more upside. The tenant mix includes two national tenants, Wells Fargo Advisors and Enhabit Home Health & Hopsice. Wells Fargo Advisors is a premier financial services firm, serving investors nationwide. They help their clients with investment planning and advise on financial goals. Enhabit Home Health & Hospice is a Dallas, Texas-based provider of home health and hospice services. The company operates 255 home health and 110 hospice locations in 34 states with a concentration in Texas, Alabama, Florida, Georgia, Oklahoma and Mississippi. Courthouse Road, the geographic center of the Mississippi Gulf Coast, recently underwent $6MM of renovations, and now boasts a new street scape of medians with turning lanes and plush landscaping, sidewalks, ornamental street lighting, and more. Agent is a co-owner.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

7.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

WELLS FARGO ANCHORED CENTER

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

2.03 AC

LAND SF

88,427 SF

ZONING

Commercial

APN/PARCEL ID

0910P-05-043.000

ASK ABOUT THIS PROPERTY

Tim CarlsonSoutheast Commercial Real EstateMore Info
228-547-0707

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Tim CarlsonSoutheast Commercial Real EstateMore Info
228-547-0707

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.