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9120 Highway 49 42,236 SF Retail Building Gulfport, MS 39503 $2,606,469 CAD ($61.71 CAD/SF)

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EXECUTIVE SUMMARY

Southeast Commercial is pleased to offer this +/-42,236 SF retail building, FOR SALE or LEASE, located on Highway 49 in Gulfport, MS. The building is comprised of mostly open retail space with storage space in the rear, all of which is heated and cooled. Building improvements include a metal roof that was replaced in 2022, three (out of the ten) AC units are new, and new LED lighting. There are four (+1 handicapped) changing rooms, four bathrooms, a break room and a small office area in the front. There is a +/- 385 sf dock canopy in the rear, a dock height loading area with two truck wells, and +/-265’ of 6’ height chain link fencing storage area. The parking lot is asphalt paving with 164 (+4 handicapped) marked parking spaces.

1920 Highway 49

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Department Store

Building Size

42,236 SF

Building Class

Year Built/Renovated

1988/2006

Price

$2,606,469 CAD

Price Per SF

$61.71 CAD

Tenancy

Single

Building Height

1 Story

Loading Docks

1 Exterior

Building FAR

0.23

Lot Size

4.22 AC

Zoning

no zoning

Parking

50 Spaces (1.18 Spaces per 1,000 SF Leased)

MAJOR TENANTS

Retailer
-
-
Jun 2023

First opening its doors in Hattiesburg, Mississippi, Treasure Hunt has since grown into a local favorite throughout Mississippi. Over the past 30 years their business has expanded, growing to be the largest buyer of insurance claims in the United States, while also adding manufacturer and retailer buybacks, closeouts, bankruptcies, overstocks, liquidations, customer returns and out of season goods. In October 1997, they realized that Treasure Hunt warehouse shelves had become quite full of excess inventory. In order to clean out their warehouse and make room for new merchandise, they decided to set up a sale in their Lumberton, Mississippi warehouse. At the sale, all merchandise was sold at "dirt cheap" prices until gone, and the Dirt Cheap concept was born. As business progressed, the amount of inventory only grew, establishing a need for more than just a warehouse sale.