238 Courthouse Road, Gulfport, MS 39507 (MLS# 4143420)

238 Courthouse Road, Gulfport, MS 39507

$415,000

Virtual Tour

https://www.propertypanorama.com/238-Courthouse-Road-Gulfport-MS-39507--4143420/unbranded

Property Type: Commercial Sale Square Footage: 4,000 Lot Size (sq. ft.): 8,712 Status: Closed

Current Price: $415,000 List Date: 3/24/2026 Last Modified: 6/05/2026

Overview

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. ✔️ 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.

Listing Details MLS# 4143420

General Property Information

Approx Lot Size Acres: 0.2
Lot Size Dimensions: 107.3'x268.2'x101.3'x203.1'
Approx H/C SqFt: 4000
SqFt Source: Appraiser
List Price/SqFt: 112.5
Year Built Known: Yes
Year Built: 1976
Year Built Source: Other
Total Floors: Yes
Accessibility Features: Yes
Property Sub Type: Mixed Use
New Construction: No

Property Features

Current Use: Office Possible Use: Office; Other Commercial Features: Rest Rooms; Smoke Detector(s) Levels: One

Address and Location Information

Street Number: 238
Street Name: Courthouse
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39507
Parcel Number: 0911a-02-092.000
PPIN: 022315
Subdivision: Fayers
N or S of I-10: S
N or S of CSX Railroad Track: S

Listing Information

Property Sub Type: Mixed Use
Listing Service: Full Service

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

Status Change Info

Contract Date/Pending Date: 2026-04-09
Closing Date: 2026-06-05
Sold Price/SqFt: 103.75

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

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. ✔️ 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: Yes

Possible Use

Office: Yes
Other: Yes

Levels

One: Yes

Commercial Features

Rest Rooms: Yes
Smoke Detector(s): Yes

Listing Office: Crescent Sotheby's International

Listing Agent: Holly J Gibbs

Last Updated: June - 05 - 2026