12874 Lorraine Road, Biloxi, MS 39532 (MLS# 4166156)

12874 Lorraine Road, Biloxi, MS 39532

New Listing

$675,000

Virtual Tour

https://www.propertypanorama.com/12874-Lorraine-Road-Biloxi-MS-39532--4166156/unbranded

Property Type: Commercial Sale Square Footage: 5,600 Lot Size (sq. ft.): 33,977 Status: Active

Current Price: $675,000 List Date: 10/21/2026 Last Modified: 10/21/2026

Overview

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.

Listing Details MLS# 4166156

General Property Information

Approx Lot Size Acres: 0.78
Approx H/C SqFt: 5600
Office Square Footage: 5600
SqFt Source: Public Records
List Price/SqFt: 120.54
Year Built Known: Yes
Year Built: 1950
Year Built Source: Public Records
Total Floors: Yes
Accessibility Features: Yes
Property Sub Type: Business

Property Features

Business Type: Barber/Beauty; Commercial; Convenience Store; Food & Beverage; Food Service; Mixed; Restaurant; Retail Current Use: Commercial; Mixed Use; Retail Possible Use: Service Station/Repair Commercial Features: Fixtures; Inside Storage; Loading Dock(s); Outside Storage; Public Restroom(s) Electricity Features: Fuses Location: Commercial Retail; Corner Lot; Freestanding; Strip Mall Levels: One Square Footage Description: Retail Bldg Over 5000 SF Walls - Interior: Sheetrock Flooring: Ceramic Tile; Tile; Vinyl Cooling: Central Air Heating: Central; Electric Sewer: Septic Tank Water Source: Private Listing Terms: Cash; Conventional; SBA Sale Options: Under Lease Roof: Metal Exterior Features: Awning(s); Private Entrance Driveway Features: Paved Drive Parking Features: Parking Lot Additional Transportation: County Road; Paved Available Documents: Leases

Address and Location Information

Street Number: 12874
Street Name: Lorraine
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39532
Nearest Cross Street: Oaklawn Road
Parcel Number: 1108d-02-001.000
PPIN: 018819
N or S of I-10: N
N or S of CSX Railroad Track: N
Community Of: Woolmarket

Listing Information

Property Sub Type: Business
Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 4699
Tax Year: 2025
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: LOT 7 BLK. 2 WOOLMARKET SUBD.

Commercial Features

% Leased: 100
Number of Tenants: 3

More Information

Auction

Auction: No

Showing Requirements

Showing: Appointment Required

Basement Features

Basement: No

Listing Office: Prosper Realty

Listing Agent: Jo J Wedgeworth

Last Updated: October - 21 - 2026

12874 Lorraine Road, Biloxi, MS 39532 (MLS# 4166156)