UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $116
MLS Listing ID 4136764
Year Built 1950
Annual Tax Amount $4,699
Lot Size 0.780 Acres
Acres 0.78
Property Sub-Type Mixed Use
Source MLS United
Property Description
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.
Location
State MS
County Harrison
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Ceramic Tile, Tile, Vinyl
Exterior
Exterior Feature Awning(s), Private Entrance
Parking Features Parking Lot, Paved
Roof Type Metal
Garage No
Building
Sewer Septic Tank
Water Private
Level or Stories One
Structure Type Awning(s),Private Entrance
New Construction No
Others
Tax ID 1108d-02-001.000
Virtual Tour https://www.propertypanorama.com/12874-Lorraine-Road-Biloxi-MS-39532/unbranded
Nearby Locations
- 9
Woolmarket Elementary School
Public | KG - 6
- 0
Christian Collegiate Academy
Private | PK - 12
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