238 Courthouse Road, Gulfport, MS 39507

New Listing
$550,000
Property Type: Commercial Sale Square Footage: 819 Lot Size (sq. ft.): 8,712 Status: Active
Current Price: $550,000 List Date: 3/17/2026 Last Modified: 3/17/2026

Description

Position your portfolio for immediate return with this income-producing commercial opportunity at 238 Courthouse Rd This three-unit commercial building is already generating revenue with a 7% cap rate, offering investors a solid, stabilized asset with dependable cash flow from day one. Whether you're expanding your holdings or entering the market, this property delivers the kind of performance and predictability that matters. Strategically located with strong accessibility, the property benefits from consistent tenant demand and visibility--key drivers for long-term value and occupancy. Bonus Opportunity: An additional adjacent lot is available--purchase it with the property at full list price to expand your footprint, increase future development potential, or secure additional parking and flexibility. Prefer to acquire separately? The lot is offered at $150,000, giving you options to tailor the investment to your strategy. 3 Income-Producing Units 7% Cap Rate Expansion Potential with Additional Lot Strong Location & Accessibility This is more than just a property--it's a scalable investment with upside built in.

More Information MLS# 4142681

Address and Location Information

Parcel Number: 0911a-02-092.000 N or S of I-10: S N or S of CSX Railroad Track: S Street Number: 238 Street Name: Courthouse Street Suffix: Road County: Harrison State: MS Zip Code: 39507 Subdivision: Fayers

Listing Information

Listing Service: Full Service Status: Active List Date: 2026-03-17 List Price: $550,000 Current Price: $550,000 Property Sub Type: Industrial

General Property Information

Property Sub Type: Industrial New Construction: No Approx Lot Size Acres: 0.2 Lot Size Dimensions: 107.3'x268.2'x101.3'x203.1' SqFt Source: Owner List Price/SqFt: 671.55 Year Built Source: Owner Total Floors: 1 Accessibility Features: Yes Approx H/C SqFt: 819 Year Built: 1968

Tax and Financial Information

Tax Annual Amount: 4765 Tax Year: 2025 Flood Insurance Required?: No Leasehold Y/N: No Association: No Legal Description: BEG ON E SIDE OF COURTHOUSE RD 150 FT S OF S LINE OF A PUBLIC ST RUNNING ALONG S LINE OF R/W OF L&N RR FOR BEG. E 100 FT N 90 FT W 100 FT S 90 FT TO BEG SEC 1-8-11

Remarks & Miscellaneous

Public Remarks: Position your portfolio for immediate return with this income-producing commercial opportunity at 238 Courthouse Rd This three-unit commercial building is already generating revenue with a 7% cap rate, offering investors a solid, stabilized asset with dependable cash flow from day one. Whether you're expanding your holdings or entering the market, this property delivers the kind of performance and predictability that matters. Strategically located with strong accessibility, the property benefits from consistent tenant demand and visibility--key drivers for long-term value and occupancy. Bonus Opportunity: An additional adjacent lot is available--purchase it with the property at full list price to expand your footprint, increase future development potential, or secure additional parking and flexibility. Prefer to acquire separately? The lot is offered at $150,000, giving you options to tailor the investment to your strategy. 3 Income-Producing Units 7% Cap Rate Expansion Potential with Additional Lot Strong Location & Accessibility This is more than just a property--it's a scalable investment with upside built in.

Current Use

Office: 1

Possible Use

Office: 1 Other: 1

Levels

One: 1

Commercial Features

Rest Rooms: 1 Smoke Detector(s): 1

Showing Requirements

Showing: Appointment Required

Auction

Auction: No

Basement Features

Basement: No

Property Features

Current Use: Office Possible Use: Office; Other Commercial Features: Rest Rooms; Smoke Detector(s) Levels: One
Listing Office: Crescent Sotheby's International
Listing Agent: Holly J Gibbs
Last Updated: March - 17 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.