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.
| MLS # | 4166156 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1950 |
| Days On Site | 13 |
| Listing Provided By | Prosper Realty | Jo J Wedgeworth |
| SQ Feet | 5,600 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.78 |
| Cooling | Central Air, Electric |
|---|---|
| Heating | Central, Electric |
| Exterior Features | Awning(s), Private Entrance |
|---|---|
| Roof | Metal |
| Construction Materials | Brick |
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Parking Lot, Paved |
| Property | 4699 |
|---|
| State | MS |
|---|---|
| County | Harrison |
| City | Biloxi |
| Zip Code | 39532 |
| Area | Harrison |
| Listing VS Median (in 39532) | |
Price: $675,000 low | high Med: $330,000 sqft: 5,600 low | high Med: 1,902 $ / sqft: $121 low | high Med: $174 On site: 13 low | high Med: 277 | |
| State | MS |
|---|---|
| County | Harrison |
| City | Biloxi |
| Zip Code | 39532 |
| Area | Harrison |
| Listing VS Median (in 39532) | |
Price: $675,000 low | high Med: $330,000 sqft: 5,600 low | high Med: 1,902 $ / sqft: $121 low | high Med: $174 On site: 13 low | high Med: 277 | |