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28877879
28877880

1302 Magnolia St, Gulfport, MS 39507 For Sale

$584,080
220 days on market
Updated 33 days ago

Waterfront Commercial Suite | Bernard Bayou | Gulfport, MS

Details
Property Type Retail, Mixed Use
Sub Type Storefront, Wellness (+1)
Square Footage 2,086
Units 1
Cap Rate 12.5%
NOI $73,010
Tenancy Vacant
Lease Type NNN
Lease Options LEASE OPTION AVAILABLE
Pro-Forma Cap Rate 12.5%
Pro-Forma NOI $73,010
Price per SqFt $280
Broker Co-Op Yes
Class A
Year Built 2026
Buildings 1
Stories 4
Acreage 3.000
Zoning Mixed Use Commercial
Parking Spaces 2 per unit
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
Sale Condition For sale by owner

New Waterfront Construction Retail | Owner-User or NNN | OFF I-110, Gulf Coast Corridor

Marketing description

Handsboro Pointe is a luxury waterfront mixed-use development on Bernard Bayou in Gulfport, MS and one of the last opportunities to secure commercial space in a performing, fully amenitized coastal destination. Tower One sold out entirely in presales. Tower Two is delivering in 2026, with commercial units available for sale or lease now at presale pricing.

These Class A commercial suites sit at water's edge beneath upscale residential condominiums that create built-in foot traffic from day one. Located directly off I-110 with strong regional accessibility, the development is STR approved and already operating, with live short-term rental units performing in a verified Gulfport submarket with an AirDNA score of 80.

Ideal for restaurants, boutique retail, coffee concepts, wine bars, med spas, wellness brands, professional offices, fitness studios, IV/oxygen bars, salon and beauty concepts, coworking operators, and hospitality-driven businesses. Built to suit layouts available. Lease option available. Owner-user or NNN investor purchase available.

On-site amenities your tenants and guests access: resort-style waterfront pool on Bernard Bayou, The Magnolia Room onsite speakeasy and restaurant, boutique fitness studio with floor-to-ceiling water views, co-working lounge with coffee bar, rooftop deck with private yoga area, floating dock, fire pits, watersport rentals (kayaks, paddleboards, jet skis), and event/venue space. This is not a standard mixed-use development , it is a boutique waterfront resort environment that sets businesses apart.

Investment structure: Federally Designated Opportunity Zone with major tax advantages. Seller-paid cost segregation at closing. Bonus depreciation qualified. Flood insurance combined with HOA ($7 ppsf). Surrounded by $4B+ in new Gulfport investment including the Port expansion, Aquarium District, Blue Economy Tech Park, Amtrak return, and airport expansion. Waterfront commercial inventory on the Gulf Coast is tightening, opportunities at this amenity level are not being rebuilt.

Multiple units, layouts, and configurations available. Contact for pricing, floorplans, approved uses, and investment details. Presale pricing and incentives end June 1, 2026..

Investment highlights

Presale pricing and incentives end June 1, 2026. Contact now for floorplans, unit configurations, approved uses, and investment details.

• Pro-forma cap rate: 12.5% at $35/sqft NNN — outperforming nearly all new coastal commercial developments nationwide

• Federally Designated Opportunity Zone — major tax advantages for investors and owner-operators

• Seller-paid cost segregation study at closing — bonus depreciation qualified

• Tower One sold out in presales — this is the final tower, limited commercial units remaining

• Direct waterfront frontage on Bernard Bayou — protected water views, dock access, an extremely scarce commercial asset type on the Mississippi Gulf Coast

• Built-in residential foot traffic from day one — upscale condominiums directly above

• Market rents support $34–$42/sqft NNN — premium rates achievable due to waterfront positioning and luxury amenity package

• Resort-caliber amenity environment: pool, The Magnolia Room speakeasy, fitness studio, co-working lounge, rooftop deck, yoga area, floating dock, fire pits, watersport rentals — tenants and guests don't find this anywhere else on the Gulf Coast

• Flood insurance combined with HOA ($7 ppsf) — waterfront risk addressed and priced in

• AirDNA Gulfport Submarket Score: 80 — strong, verified demand in this market

• Surrounded by $4B+ in new Gulfport investment: Port expansion, Aquarium District, Blue Economy Tech Park, Amtrak return, airport expansion

• 44.2M+ annual visitors and $11.9B in visitor spending fueling demand for waterfront experiences and service-driven operators

• Gulfport has extremely limited new Class A waterfront commercial space — scarcity drives rent stability and long-term appreciation

• Built to suit layouts available — multiple units and configurations

• Lease option available | Owner-user or NNN investor purchase

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$73,010.00
$6,084.17/mo

Valuation Metrics

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DSCR
12.5%
Cap Rate
12.5%
ROI

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