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Pete & Jade Young

pete@mshometown.com +1(601) 497-9351

$675,000

Est. payment - /mo

5,600 SqFt

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Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 5,600 sqft

Price per Sqft $120

MLS Listing ID 4166156

Year Built 1950

Annual Tax Amount $4,699

Lot Size 0.780 Acres

Acres 0.78

Property Sub-Type Business

Source MLS United

Property Description

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.

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--4166156/unbranded

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Listed by Prosper Realty

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Pete & Jade Young

+1(601) 497-9351

Broker & Broker Associate License ID: B-21701 & B-24026

12874 Lorraine Road Biloxi, MS 39532

Pete & Jade Young

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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