11236 Lorraine Road, Gulfport, MS 39503 (MLS# 4037938)

11236 Lorraine Road, Gulfport, MS 39503

$1,200,000

Property Type: Commercial Sale Square Footage: 77,950 Lot Size (sq. ft.): 87,991 Status: Closed

Current Price: $1,500,000 List Date: 1/24/2023 Last Modified: 11/20/2024

Description

CALLING ALL DEVELOPERS!!! LOCATION LOCATION LOCATION!VERY DESIRABLE PIECE OF DEVELOPABLE LAND. THESE TWO PARCELS COMBINED ARE A TOTAL OF OVER 2 ACRES. THE LOCATION HAS A PROVEN TRACK RECORD HAVING HAD THE ORIGINAL, HIGHLY SUCCESSFUL, CAPTAIN ALS RESTAURANT AND BAR ON THE PROPERTY FOR DECADES.IT SITS AT THE CORNER OF SR605 AND LORRAINE JUST N OF THE LORRAINE EXIT ON I10. THE PROPERTY IS ZONED C2AND ALLOWS FOR HOTELS, RESTAURANTS, PROFESSIONAL BUILDINGS, TRUCK STOPS, GAS STATIONS, STRIP MALLS, RETAIL AND MANY OTHER USES.

More Information MLS# 4037938

Address and Location Information

Nearest Cross Street: Dedeaux Parcel Number: 1008m-01-008.000 N or S of I-10: N N or S of CSX Railroad Track: N Street Number: 11236 Street Name: Lorraine Street Suffix: Road County: Harrison State: MS Zip Code: 39503

Listing Information

Listing Service: Full Service Status: Closed List Date: 2023-01-23 List Price: $1,500,000 Current Price: $1,200,000 Property Sub Type: Unimproved Land

General Property Information

Property Sub Type: Unimproved Land New Construction: Yes Property Condition: To Be Built Approx Lot Size Acres: 2.02 SqFt Source: Public Records List Price/SqFt: 19.24 Number of Lots: 2 Divisible: No Year Built Source: Other Total Floors: 1 Accessibility Features: No Approx H/C SqFt: 77950 Year Built: 1800

Tax and Financial Information

Tax Annual Amount: 2838 Tax Year: 2021 Zoning: C2 Flood Insurance Required?: Subject to Survey Leasehold Y/N: No Association: No Legal Description: PARCEL B- (1.5 AC) BEG 852.7 FT W & 441.5 FT S OF NE COR OF SW 1/4 OF SEC 7 AKA SE COR OF LOT 5 PARTITION OF JESSIE RICHARD W 146 FT N 100 FT W 135 FT TO W MAR OF LORRAINE RD N 205.1 FT ALONG RD E 228 FT S 298.2 FT TO POB PART OF LOT 5 PARTITION OF JESSIE RICHARD (UNRECORDED) PART OF NE 1/4 OF SW 1/4 OF SEC 7-7-10 PARCEL A- COMMENCING AT A 1/2 IRON ROD FOUND AT THE SE CORNER OF LOT 5 TO A1/2 IRON LINE OF SAID LOT 5 FOUND AT THE POB THENCE S 89 59 29 W 226.56 TO 1/2 IRON ROD SET ON THE E MARGIN OF HWY 605. THENCE ALONG CURVE OF SAID E MARGIN OF HWY 605 TO THE RIGHT . RADIUS OF 1354.98 AN ARC OF 77.46 FT AND A CHORD BEARING A DISTANCE OF N20 52 15 E 77 45 TO1/2 IRON ROD SET. THENCE FURTHER ALONG E MARGIN OF HWY 605 N 60 19.21 E 88.31 TO 1/2 IRON ROD SETS MARGIN IF E DEDEAUX RD S89 41.41 E 121.48 TO 1/2 IRON SET ON THE E LINE OF LOT 5 THENCE ALONG SAID E LINES00 22 35 E 115 41 TO THE POB CONTAINING 22,360.54 SF OR .0513 AC

Remarks & Miscellaneous

Public Remarks: CALLING ALL DEVELOPERS!!! LOCATION LOCATION LOCATION!VERY DESIRABLE PIECE OF DEVELOPABLE LAND. THESE TWO PARCELS COMBINED ARE A TOTAL OF OVER 2 ACRES. THE LOCATION HAS A PROVEN TRACK RECORD HAVING HAD THE ORIGINAL, HIGHLY SUCCESSFUL, CAPTAIN ALS RESTAURANT AND BAR ON THE PROPERTY FOR DECADES.IT SITS AT THE CORNER OF SR605 AND LORRAINE JUST N OF THE LORRAINE EXIT ON I10. THE PROPERTY IS ZONED C2AND ALLOWS FOR HOTELS, RESTAURANTS, PROFESSIONAL BUILDINGS, TRUCK STOPS, GAS STATIONS, STRIP MALLS, RETAIL AND MANY OTHER USES.

Status Change Info

Sold Price/SqFt: 15.39 Contract Date/Pending Date: 2023-02-10 Closing Date: 2023-07-14

Showing Requirements

Showing: Show Any Time

Auction

Auction: No

Basement Features

Basement: No

Documents

Land Survey ›

Legal Description ›

11236 Lorraine Road, Gulfport, MS 39503 (MLS# 4037938)