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Prime 2 Acre Retail Development Site

$777,000

Landon Road, Gulfport, MS 39503

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Last Updated: 09/09/2024

2.05 acres

Lot Area

 
Details:
Lot Area:    2.05 acres
Description:

Fantastic retail development site surrounded by nearly 1 Million square feet of additional retail.​ #1 Retail Trade Area in South Mississippi and across the street from Sam's Club.​ This property was purchased by seller for $1.7 million in 2009 for the purpose of a 30,000 s.​f.​ shopping center.​  He is now retiring and is very motivated to sell.​

This is a leasehold interest on 16th Section Land owned and controlled by the Harrison County School District.​  The original lease expires in 2047 and includes 1 25 year option after that.​ The monthly ground rent is currently $2,160.34.​  There are annual increases.​

Map:
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Title
2.05AcrePrimeDevelopmentSite-1
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