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31122795
32306102

1302 Magnolia Street, Gulfport, MS 39507 For Sale

$442,400
220 days on market
Updated 36 days ago

Waterfront Commercia | Seller Paid Cost Seg + OPP ZONE

Details
Property Type Retail, Mixed Use
Sub Type Storefront, Lifestyle retail
Square Footage 1,580
Units 1
Cap Rate 12.5%
NOI $55,300
Tenancy Multi
Lease Type NNN
Lease Options AVAILABLE FOR LEASE
Pro-Forma Cap Rate 12.5%
Pro-Forma NOI $55,300
Price per SqFt $280
Broker Co-Op True
Class A
Year Built 2026
Buildings 1
Stories 4
Acreage 3.000
Zoning mixed use commercial
Parking Spaces 2 spaces
Parking per 1,000 SqFt 1.27
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Waterfront commercial space above luxury condos in Gulfport,MS

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. 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 — exceptional for a brand-new market still in its ramp-up phase.

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.

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

Deadline:

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

• 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

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

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

• Resort-caliber amenity environment: pool, The Magnolia Room speakeasy, fitness studio, co-working lounge, rooftop deck, 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

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

• Waterfront commercial inventory on the Gulf Coast is tightening — opportunities at this amenity level are not being rebuilt

• Built to suit layouts available — multiple units and configurations

• Lease option available

• Presale pricing and incentives ending June 1, 2026 — contact now for floorplans, approved uses, and pricing details

Listing Contacts

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Loan Amount
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$55,300.00
$4,608.33/mo

Valuation Metrics

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DSCR
12.5%
Cap Rate
12.5%
ROI

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