12874 Lorraine Road, Biloxi, MS 39532
$650,000
Property Type:
Commercial Sale
Square Footage:
5,600
Lot Size (sq. ft.):
33,977
Status:
Active
Current Price:
$650,000
List Date:
1/20/2026
Last Modified:
2/12/2026
Description
Cash-Flowing Multi-Tenant Commercial Corner Building Woolmarket
Now 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.
More Information MLS# 4136764
Address and Location Information
Nearest Cross Street: Oaklawn
Parcel Number: 1108d-02-001.000
PPIN: 18819
N or S of I-10: N
N or S of CSX Railroad Track: N
Community Of: Woolmarket
Street Number: 12874
Street Name: Lorraine
Street Suffix: Road
County: Harrison
State: MS
Zip Code: 39532
Location
Commercial Retail: 1
Listing Information
Listing Service: Full Service
Status: Active
List Date: 2026-01-20
List Price: $650,000
Current Price: $650,000
Property Sub Type: Mixed Use
General Property Information
Property Sub Type: Mixed Use
New Construction: No
Approx Lot Size Acres: 0.78
Office Square Footage: 5600
SqFt Source: Owner
List Price/SqFt: 116.07
Year Built Source: Public Records
Total Floors: 1
Accessibility Features: Yes
Approx H/C SqFt: 5600
Year Built: 1950
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.
Remarks & Miscellaneous
Public Remarks: Cash-Flowing Multi-Tenant Commercial Corner Building Woolmarket
Now 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.
Current Use
Commercial: 1
Mixed Use: 1
Retail: 1
Possible Use
Service Station/Repair: 1
Business Type
Barber/Beauty: 1
Commercial: 1
Convenience Store: 1
Food & Beverage: 1
Food Service: 1
Mixed: 1
Restaurant: 1
Retail: 1
Levels
One: 1
Sewer
Septic Tank: 1
Commercial Features
Fixtures: 1
Inside Storage: 1
Loading Dock(s): 1
Outside Storage: 1
Public Restroom(s): 1
% Leased: 100
Number of Tenants: 3
Water Source
Private: 1
Listing Terms
Cash: 1
Conventional: 1
SBA: 1
Showing Requirements
Showing: Appointment Required
Appointment Phone: 228-223-7315
Electricity Features
Fuses: 1
Walls - Interior
Sheetrock: 1
Square Footage Description
Retail Bldg Over 5000 SF: 1
Flooring
Ceramic Tile: 1
Tile: 1
Vinyl: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Sale Options
Under Lease: 1
Auction
Auction: No
Exterior Construction/Siding
Brick: 1
Roof
Metal: 1
Exterior Features
Awning(s): 1
Private Entrance: 1
Driveway Features
Paved Drive: 1
Parking Features
Parking Lot: 1
Basement Features
Basement: No
Available Documents
Leases: 1
Additional Transportation
County Road: 1
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
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
Available Documents: Leases
Listing Office:
Prosper Realty
Listing Agent:
Jo J Wedgeworth
Last Updated: February - 12 - 2026
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.