5 Acres of Beachfront Property Ready for High-Density Development

Vacant Land for Sale
Also listed as Hospitality
Catylist Listing ID: 29573130
Property Subtypes: Hospitality, Multi-Family, Office, Retail, Retail-Pad, Vacation/Resort, Other
Gross Land Area: 5 Acres
Sale Price: $3,560,000
Unit Price: $712,000 Per Acre
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/17/2021

Overview / Comments

Great Beachfront Property assembled in a high-density transect (T-6 SmartCode) area and ready for development, With an unobstructed, panoramic view of the beach / Gulf of Mexico, this is a great site for a Hotel, Restaurant or other high-density mixed-use development. Property fronts Beach Drive to the south, Markham Drive to the east and Martin Avenue to the north.

The property Includes Parcel ID#'s: 1011D-03-035.000, 1011D-03-036.000, 1011D-03-037.000, 1011D-03-038.000, 1011D-03-038.001.1011D-03-045.000

Aerial photos and Survey on File.

Attachments & Media

Additional Details

Nearest MSA: Gulfport-Biloxi
County: Harrison
Taxing Authority: Harrison County
Tax ID/APN: 1011D-03-035.000, 1011D-03-036.000, 1011D-03-037.000, 1011D-03-038.000, 1011D-03-038.001, 1011D-03-045.000
Zoning: T-6 HIGH DENSITY
Market Type: Medium
Property Located Between: Lorraine/Cowan (east) and Teagarden Rd (west)
Side of Street: North
Road Type: Highway
Property Visibility: Excellent
Largest Nearby Street: Highway 90 (Beach Drive / Beach Blvd.)
Feet of Frontage: 223
Traffic/Vehicle Count: 28,000
Transportation: Rail, Highway, Airport, Taxi, Water/Ferry
Highway Access: Less than 5 miles to HWY 49 (west), half a mile from HWY 605 (east), approximately 5.6 miles from Interstate 10 (north)
Airports: Gulfport - Biloxi International Airport (approximately 7 miles NW)
Site Description: This beachfront property consists of approximately 5 acres of vacant land. There have been no wetlands noted on the property and the topography is generally level; however, it is above grade-level with Beach Dr. It has 223 ft of frontage along Beach Drive and 63 ft of frontage at the intersection of Markham Dr and Beach Dr.
Lot Frontage: 223
Lot Depth: 757
Zoning Description: Zoning T-6 High-Density (mixed-use) Smart Code area.
In Flood Plain?: Yes
Topography: Level
Soil Type: Mixed
Available Utilities: Electric, Water, Sewer
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,308 27,431 61,679
Median Age: 44.48 37.87 36.9
Households: 611 11,863 24,960

Contact

Photograph of Listing Agent

Sherry Owen

Owen & Co. LLC
Gulfport, MS
LACDB Member
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