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Listed price in listed location currency (USD).
$650,000

000

MLS® 4136764

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 5600 sqft
Garage 
Taxes $4,699
Days Active 75
Lot Size 
Approx. Age 1950
Avg. Price Per Sqft $116
MLS® Number 4136764

Property Address: 12874 Lorraine Rd, Biloxi, MS, 39532-9685

Average square foot calculated using Size range provided by listing agent.

Description

Cash-Flowing Multi-Tenant Commercial Corner Building WoolmarketNow 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.
MLS® Number4136764
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1950
Basement
DrivewayPaved Drive, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 20, 2026List Date
$650,000List Price
  • Commute

Commute

Starting Address
Destination Address
12874 Lorraine Rd, Biloxi, MS

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