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    Old Lorraine Rd Gulfport, MS 39503

    For Sale
    $465,000

    Prime Gulfport location, high traffic, B-1 zoning.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 1-acre commercial lot, identified as Lot #1, presents a remarkable investment opportunity in the thriving city of Gulfport, Mississippi. Strategically positioned at the intersection of Highway 605 (Cowan Lorraine Road) and Hillcrest Road, with convenient access from Old Lorraine Road, this property boasts unparalleled visibility. Its location at the southeast base of the Bayou Bernard (Seaway) bridge ensures maximum exposure to the substantial traffic flow of approximately 35,000 vehicles every 48 hours, according to the most recent Mississippi Department of Transportation traffic count. Zoned B-1 for Neighborhood Business district, this lot offers a diverse range of development possibilities for businesses seeking a high-traffic, high-visibility location. The property's size and prime location make it ideal for a variety of commercial ventures, capitalizing on the significant daily traffic volume and strong local presence. This is a rare chance to establish a business in a highly visible and accessible area of Gulfport, ensuring maximum exposure and potential for success. Don't miss this opportunity to secure a prominent location in a rapidly growing market.

    Property Features for Old Lorraine Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    43,560 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.03107
    Latitude
    30.41726

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Gulfport location, high traffic, B-1 zoning.
    Where is this commercial real estate located?
    The property is located at Old Lorraine Rd Gulfport, MS.
    What is the asking price?
    The asking price for this property is $465,000.
    (228) 731-3881
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    Old Lorraine Rd Gulfport, MS 39503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Old Lorraine Rd Gulfport, MS 39503
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