15007 Creosote Road, Gulfport, MS 39503
$1,095,000
Property Type:
Commercial Sale
Square Footage:
9,600
Lot Size (sq. ft.):
60,984
Status:
Closed
Current Price:
$1,095,000
List Date:
8/11/2023
Last Modified:
2/25/2026
Description
9,600 square foot retail strip center built in 2009. Historically, this property has remained fully occupied with the seller in 4,800 s.f. The seller recently moved out and has already leased up 3,600 s.f. with only 1,200 remaining to be leased. The chiropractic clinic is expanding to 3,600 s.f to the other side of the salon, and a nutrition store is moving into the current chiropractor space. We are offering this easy to manage investment opportunity at an attractive 8.6% actual cap rate. The proforma cap rate with the last space leased is a whopping 9.8% with a 5% vacancy factor.
This is a really nice and attractive metal building with stucco coated panels all around. It has over 40 parking spaces and additional land for development.
Average daily traffic counts directly in front of the property exceed 11,000 with additional exposure to another 11,000 vehicles traveling on Three Rivers Road. Easy access to Hwy 49, I-10, and Gulfport-Biloxi International Airport.
More Information MLS# 4055674
Address and Location Information
Nearest Cross Street: Three Rivers Road
Parcel Number: 0809k-01-001.000
N or S of I-10: S
N or S of CSX Railroad Track: N
Street Number: 15007
Street Name: Creosote
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39503
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2023-08-11
List Price: $1,095,000
Current Price: $1,095,000
Property Sub Type: Retail
General Property Information
Property Sub Type: Retail
New Construction: No
Property Condition: Updated/Remodeled
Approx Lot Size Acres: 1.4
SqFt Source: Owner
List Price/SqFt: 114.06
Year Built Source: Assessor
Total Floors: 1
Accessibility Features: Yes
Approx H/C SqFt: 9600
Year Built: 2009
Tax and Financial Information
Tax Annual Amount: 11277
Tax Year: 2022
Zoning: B2
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: 1.4 AC BEG 1071.6 FT N OF SE COR OF NE1/4 OF NE1/4 OF SEC 21 N 88 DGS W 250.9 FT N 240.5 FT TO SLY MAR OF CREOSOTE RD ELY ALONG RD 253.6 FT S 249.2 FT TO POB PART OF NE1/4 OF NE1/4 OF SEC 21-7-11
Remarks & Miscellaneous
Public Remarks: 9,600 square foot retail strip center built in 2009. Historically, this property has remained fully occupied with the seller in 4,800 s.f. The seller recently moved out and has already leased up 3,600 s.f. with only 1,200 remaining to be leased. The chiropractic clinic is expanding to 3,600 s.f to the other side of the salon, and a nutrition store is moving into the current chiropractor space. We are offering this easy to manage investment opportunity at an attractive 8.6% actual cap rate. The proforma cap rate with the last space leased is a whopping 9.8% with a 5% vacancy factor.
This is a really nice and attractive metal building with stucco coated panels all around. It has over 40 parking spaces and additional land for development.
Average daily traffic counts directly in front of the property exceed 11,000 with additional exposure to another 11,000 vehicles traveling on Three Rivers Road. Easy access to Hwy 49, I-10, and Gulfport-Biloxi International Airport.
Status Change Info
Sold Price/SqFt: 114.06
Contract Date/Pending Date: 2023-08-28
Closing Date: 2023-12-13
Current Use
Retail: 1
Showing Requirements
Showing: Appointment Required
Auction
Auction: No
Basement Features
Basement: No
Uncovered Parking?
26-50 Spaces: 1
Property Features
Current Use: Retail
Listing Office:
Molyneaux Group, LLC
Listing Agent:
Doug J Molyneaux
Last Updated: February - 25 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.