15007 Creosote Road, Gulfport, MS 39503 (MLS# 4055674)

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

Overview

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.

Listing Details MLS# 4055674

General Property Information

Approx Lot Size Acres: 1.4
Approx H/C SqFt: 9600
SqFt Source: Owner
List Price/SqFt: 114.06
Year Built: 2009
Year Built Source: Assessor
Total Floors: Yes
Accessibility Features: Yes
Property Sub Type: Retail

Property Features

Current Use: Retail

Address and Location Information

Street Number: 15007
Street Name: Creosote
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39503
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

Listing Information

Property Sub Type: Retail
Listing Service: Full Service

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

Status Change Info

Contract Date/Pending Date: 2023-08-28
Closing Date: 2023-12-13
Sold Price/SqFt: 114.06

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Listing Office: Molyneaux Group, LLC

Listing Agent: Doug J Molyneaux

Last Updated: February - 25 - 2026