10573 N Hwy 49 Highway, Gulfport, MS 39503 (MLS# 4050502)

10573 N Hwy 49 Highway, Gulfport, MS 39503

$2,170,000

Property Type: Commercial Sale Square Footage: 6,350 Lot Size (sq. ft.): 56,628 Status: Active

Current Price: $2,170,000 List Date: 6/15/2023 Last Modified: 5/29/2025

Overview

Description

This is the sale of a 16th Section Leasehold Interest. The property is 100% Occupied with the original tenants. Sale of Leasehold Interest requires the approval of the RCG, Harrison County School Board as well as the Board of Supervisors

Listing Details MLS# 4050502

General Property Information

Approx Lot Size Acres: 1.3
Approx H/C SqFt: 6350
Office Square Footage: 6350
SqFt Source: Plans
List Price/SqFt: 341.73
Divisible: No
Year Built: 2016
Year Built Source: Owner
Total Floors: Yes
Bathrooms Half: 4
Accessibility Features: Yes
Property Sub Type: Retail
New Construction: No
Property Condition: Updated/Remodeled

Property Features

Business Type: Restaurant; Retail Current Use: Retail Possible Use: Retail Commercial Features: Employee Restrooms; Rest Rooms Ceiling Height: 8' - 10.9' Lot Features: Corner Lot Location: Airport 1-2 Miles; Commercial Retail; Corner Lot; US Highway Square Footage Description: Retail Bldg Over 5000 SF Covenants And Restrictions: Other; See Remarks Lighting: Fluorescent Flooring: Ceramic Tile Accessibility Features: Accessible Common Area; Accessible Doors; Accessible Entrance Sale Options: Under Lease; See Remarks Parking Features: Asphalt; Attached; Off Street; On Site; Parking Lot; Paved Additional Transportation: Airport 1-2 Miles; Interstate 1 Mile or Less Flood Insurance: Subject to Survey Price Includes: Ground Lease; See Remarks Available Documents: Floor Plan(s); Marketing Package; Plat; Rent Roll; Traffic Count Approx Age Code: Under 10 Years

Address and Location Information

Street Number: 10573
Street Direction: N
Street Name: Hwy 49
Street Suffix: Highway
County: Harrison
State: MS
Zip Code: 39503
Nearest Cross Street: Community Road
Parcel Number: Unassigned
Subdivision: Metes And Bounds
Directions to Property: SW corner of U S Hwy 49 and Community Rd.
N or S of I-10: N
N or S of CSX Railroad Track: N

Listing Information

Property Sub Type: Retail
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 7116
Tax Year: 2021
Zoning: B4
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: Yes
Leasehold Fee: 31000
16th Section: Yes
Leasehold Fee Increase: Yes
Sold In Previous 12 Months: No
Association: No
Legal Description: On File
Complex Name: West Community Plaza

Commercial Features

% Leased: 100
Average Lease Per SqFt: 28
Cap Rate: 8
Employee Restrooms: Yes
Rest Rooms: Yes

More Information

Auction

Auction: No

Parking Features

Parking Total: 73
Asphalt: Yes
Attached: Yes
Off Street: Yes
On Site: Yes
Parking Lot: Yes
Paved: Yes

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Suite Details

1st Suite Number: A
1st Suite Size: 1200
2nd Suite Number: B
2nd Suite Size: 1500
3rd Suite Number: C
3rd Suite Size: 1650
4th Suite Number: D
4th Suite Size: 2000

Parking Spaces

# Parking Spaces Uncovered: 73

Location

Airport 1-2 Miles: Yes
City: Yes
Commercial Retail: Yes
Corner Lot: Yes
US Highway: Yes

Remarks & Miscellaneous

Public Remarks: This is the sale of a 16th Section Leasehold Interest. The property is 100% Occupied with the original tenants. Sale of Leasehold Interest requires the approval of the RCG, Harrison County School Board as well as the Board of Supervisors

Current Use

Retail: Yes

Possible Use

Retail: Yes

Income & Expenses

Vacancy Factor: 0%

Business Type

Restaurant: Yes
Retail: Yes

Lot Features

Corner Lot: Yes

Covenants And Restrictions

Other: Yes
See Remarks: Yes

Ceiling Height

8' - 10.9': Yes

Square Footage Description

Retail Bldg Over 5000 SF: Yes

Flooring

Ceramic Tile: Yes

Accessibility Features

Accessible Common Area: Yes
Accessible Doors: Yes
Accessible Entrance: Yes

Sale Options

Under Lease: Yes
See Remarks: Yes

Exterior Construction/Siding

Brick Veneer: Yes
Metal Siding: Yes

Lighting

Fluorescent: Yes

Flood Insurance

Subject to Survey: Yes

Price Includes

Ground Lease: Yes
See Remarks: Yes

Available Documents

Floor Plan(s): Yes
Marketing Package: Yes
Plat: Yes
Rent Roll: Yes
Traffic Count: Yes

Additional Transportation

Airport 1-2 Miles: Yes
Interstate 1 Mile or Less: Yes

Approx Age Code

Under 10 Years: Yes

Uncovered Parking?

51-100 Spaces: Yes

Documents

Rent Roll 2023 ›

Blueprints/Floor Plans ›

Sale Flyer ›

Listing Office: Sawyer Real Estate, Inc. Of Ms.

Listing Agent: Rita G Sadler

Last Updated: May - 29 - 2025