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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
Listing Office: Sawyer Real Estate, Inc. Of Ms.
Listing Agent: Rita G Sadler
Last Updated: May - 29 - 2025
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.