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12874 Lorraine Road

Biloxi, MS 39532
  • $650,000
  • STATUS: Active
  • ON SITE: 24 Days
  • MLS #: 4136764
UPDATED: 57 min ago
$650,000
  • 0
    BEDS
  • 0.78
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,600
    SQFT
  • $116
    $/SQFT
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Description

Cash-Flowing Multi-Tenant Commercial Corner Building Woolmarket Now offered in Woolmarket, a fully-leased 5,600± SF commercial building positioned on ±0.78 acres at the intersection of Lorraine Road. The property is anchored by three established tenants — a convenience store, full-service Mexican restaurant, and barber shop — together generating over $6,500/month in rental revenue. In addition to reliable income, this property presents an exceptional redevelopment or value-add opportunity. The site includes two 8,000-gallon underground pumps/tanks that have recently passed environmental testing, paving the way for potential fuel/gas station operations. The structure features a metal roof, with recent improvements centered on interior and operational updates, while fresh exterior paint is currently underway and scheduled for completion soon. Woolmarket continues to experience rapid growth, increased traffic counts, and significant new residential and commercial development. For investors seeking both immediate performance and future upside, this corner property represents a compelling buy in a fast-developing submarket.

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Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coastal Realty Group. Data last updated: 2026-02-14T16:58:17.51.
www.searchgulfporthomes.com/homes/172317230
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12874 Lorraine Road Biloxi, MS 39532

  • Price: $650,000
  • Status: Active
  • On Site: 24 Days
  • Updated: 57 min ago
  • MLS #: 4136764
0
Beds
0
Baths
0
½ Baths
0.78
Acres
5,600
SQFT
$116
$/SQFT
1950
Built
County:
Harrison
Area:
Biloxi
Property Description
Cash-Flowing Multi-Tenant Commercial Corner Building Woolmarket Now offered in Woolmarket, a fully-leased 5,600± SF commercial building positioned on ±0.78 acres at the intersection of Lorraine Road. The property is anchored by three established tenants — a convenience store, full-service Mexican restaurant, and barber shop — together generating over $6,500/month in rental revenue. In addition to reliable income, this property presents an exceptional redevelopment or value-add opportunity. The site includes two 8,000-gallon underground pumps/tanks that have recently passed environmental testing, paving the way for potential fuel/gas station operations. The structure features a metal roof, with recent improvements centered on interior and operational updates, while fresh exterior paint is currently underway and scheduled for completion soon. Woolmarket continues to experience rapid growth, increased traffic counts, and significant new residential and commercial development. For investors seeking both immediate performance and future upside, this corner property represents a compelling buy in a fast-developing submarket.
Exterior Features

Attached Garage YN No Construction Materials Brick Exterior Features Awning(s)Private Entrance Foundation Details [] Lot Features [] Other Structures [] Parking Features Parking LotPaved Pool Features [] Roof Metal Structure Type [] Window Features []

Interior Features

Basement [] Basement YN No Cooling Central AirElectric Flooring Ceramic TileTileVinyl Heating CentralElectric Interior Features [] Levels One

Property Features

Accessibility Features YN Yes Association Fee Includes [] Current Use CommercialMixed UseRetail Disclosures [] Flood Insurance Required No New Construction YN No Possible Use Service Station/Repair Property Sub Type Mixed Use Sewer Septic Tank Tax Annual Amount 4699 Tax Year 2025 Utilities [] Water Source Private

Listing information © 2026 MLS United.
Listing provided courtesy of Jo Wedgeworth of Prosper Realty: 228-332-3181.



Information is deemed to be reliable but not guaranteed. Copyright 2026 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Coastal Realty Group. Data last updated: 2026-02-14T16:58:17.51.
 
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Coastal Realty Group
9230 Old Lorraine Rd Ste C
Gulfport MS, 39503