12874 Lorraine Road, Biloxi, Mississippi, 39532

Listed by Prosper Realty, Jo Wedgeworth, 228-223-7315, jocoastrealtor@gmail.com
$675,000
5,600 Sqft
0.78 Acres
0 ba
#4166156
Cash-flowing commercial investment in Woolmarket! This fully leased, multi-tenant property generates $6,600 in monthly rental revenue from three established tenants: a convenience store, full-service Mexican restaurant, and barber shop. Situated on approximately 0.78 acres, the ±5,600-square-foot building occupies a corner location on Lorraine Road. The building features a metal roof, along with interior and operational improvements. Beyond its existing rental income, the property offers potential for future redevelopment or additional uses. The site includes two 8,000-gallon underground fuel tanks that have recently passed environmental testing, offering potential for future gas station operations, subject to applicable permits and approvals. With three rental streams and a location in an area experiencing residential and commercial development, 12874 Lorraine Road offers investors existing income and long-term potential.

PROPERTY FEATURES

  • Water Source : Private
  • Sewer Source : Septic Tank
  • Electric : Fuses
  • Flooring : Ceramic Tile, Vinyl, Tile
PROPERTY DETAILS
ID: 4166156
Status: Active
Price: $675,000
Acres: 0.78 Acres
Price Per Acre: $865,385
Type: Commercial
Address: 12874 Lorraine Road
City, State: Biloxi, Mississippi
County: Harrison
Zip Code: 39532
Lat/Long: 30.470475, -88.993519
Presented By: Jo Wedgeworth
Phone: 228-223-7315
Email: Click to Contact
Agent
Jo Wedgeworth