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11906928
11906927

1302 Magnolia St, Gulfport, MS 39507

Undisclosed Rate
176 days on market
Updated 172 days ago

Handsboro Pointe Tower II Commercial Unit 2

Building Details
Property Type Retail
Sub Type Commercial, Multifamily (+1)
Tenancy Single
Lease Type NNN
Class A
Total Building SqFt 1
Vacant SqFt 1
Year Built 2025

Spaces

Lease rate 4,500

New Waterfront Construction Retail | Lease Option | OFF I-110, Gulf Coast Corridor.

Building description

Handsboro Pointe Tower II offers modern waterfront commercial suites in a fast-growing Gulfport district surrounded by $4B+ in new development, including the Port expansion, Aquarium District, Blue Economy Tech Park, Amtrak return, hospitality upgrades, and airport expansion.


Positioned on the calm waters of Bernard Bayou, these spaces deliver unbeatable visibility, protected water views, and direct access to a growing residential base, strong tourism traffic, and major regional employers. Ideal for wellness, med spa, retail, salon/beauty, coworking, financial services, IV/oxygen bars, and professional offices.


Onsite lifestyle amenities include a resort-style pool, outdoor wellness studio, event/venue space, floating dock, fire pits, and future rooftop deck, creating a boutique resort environment that sets businesses apart.


With 44.2M annual visitors, billions in infrastructure investments, and a rapidly transforming waterfront corridor, Tower II is a prime opportunity for operators or investors seeking premium location, high demand, and long-term appreciation potential.

Building highlights

  • Luxury waterfront commercial suites in a boutique mixed-use development STR approved and surrounded by $4B+ in new Gulfport investment. Premium visibility, modern design, strong tourism traffic, and ideal for wellness, retail, beauty, boutique office, or lifestyle operators. Resort-style amenities, protected bayou frontage, and major infrastructure growth make this a high-value opportunity with long-term appreciation.• Strong Pro-Forma Cap Rates
  • Projected 13%–14.5%+ stabilized cap rate, outperforming nearly all new coastal commercial developments nationwide.
  • Premium Waterfront Location
  • Direct frontage on Bernard Bayou with protected water views, dock access, and resort-style amenities—an extremely scarce commercial asset type on the Mississippi Gulf Coast.
  • High-Demand Tenant Mix
  • Ideal for med spa, wellness, beauty, boutique retail, coworking, IV/oxygen bar, and professional office—categories experiencing rapid growth in Gulfport’s expanding lifestyle and tourism corridor.
  • Surrounded by $4B+ in Regional Investment
  • Port of Gulfport expansion, Aquarium District, Blue Economy Tech Park, new casinos, airport expansion, hospitality upgrades, Amtrak return, marina revitalization, and major roadway improvements.
  • Strong Demographic & Tourism Drivers
  • 44.2M+ annual visitors, $11.9B in visitor spending, and steady population/income growth continue to fuel demand for waterfront experiences and service-driven operators.
  • New Construction, Low Maintenance
  • Delivery 2025. Modern mixed-use design, efficient layouts, NNN structure, and minimal landlord responsibilities.
  • Upside Through Rental Rate Growth
  • Market rents support $34–$42/SF NNN, with premium rates achievable due to waterfront positioning and luxury amenity package.
  • Limited Supply of Comparable Inventory
  • Gulfport has extremely limited new Class A waterfront commercial space—especially in boutique lifestyle developments. Scarcity drives rent stability and long-term appreciation.
  • Resort-Style Buyer Appeal
  • Access to pool, wellness studio, event space, fire pits, floating dock, onsite dining/speakeasy, and elevated outdoor environments that attract high-end tenants and clientele.
  • Ideal for Owner-Users or Investors
  • An exceptional opportunity for businesses seeking brand elevation or investors seeking yield in a fast-growing Gulf Coast market.

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