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    Lot #1 Old Lorraine Rd Gulfport, MS 39503

    For Sale
    $465,000

    Prime Gulfport commercial lot, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1-acre commercial lot, located at Lot #1 Old Lorraine Road in Gulfport, Mississippi (zip code 39503), presents a unique investment opportunity. Situated at the southeast foot of the Bayou Bernard (Seaway) bridge, this property boasts unparalleled visibility due to its corner location at the intersection of Hwy 605 (Cowan Lorraine Road) and Hillcrest Road, with convenient access from Old Lorraine Road. Zoned B-1 for Neighborhood Business district, this location benefits from exceptionally high traffic volume. According to the Mississippi Department of Transportation's most recent traffic count, approximately 35,000 vehicles pass this location every 48 hours. This translates to significant exposure for any business established here. The property's size is one acre, offering ample space for development. This is a rare chance to establish a business in a high-traffic, high-visibility area of Gulfport, ensuring maximum exposure and potential for success. The asking price for this exceptional property is $465,000. Don't miss this opportunity to secure a prime location for your business venture in a thriving Mississippi coastal community.

    Property Features for 0 Lot #1 Old Lorraine Rd

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • $465,000 asking price.
    • One‑acre commercial lot.
    • Located in Gulfport, MS, at the intersection of Hwy 605 and Hillcrest Rd, with access from Old Lorraine Rd.
    • Zoned B‑1 (Neighborhood Business District).
    • High visibility location near the Bayou Bernard bridge, with approximately 35,000 vehicles passing daily.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.0311287
    Latitude
    30.4205715

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    FAQs

    What type of property is this?
    Land - Prime Gulfport commercial lot, high traffic area.
    Where is this land located?
    The property is located at Lot #1 Old Lorraine Rd Gulfport, MS.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: $465,000 asking price.; One-acre commercial lot.; Located in Gulfport, MS, at the intersection of Hwy 605 and Hillcrest Rd, with access from Old Lorraine Rd.
    Request Owner's contact information
    Lot #1 Old Lorraine Rd Gulfport, MS 39503
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    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
    Lot #1 Old Lorraine Rd Gulfport, MS 39503
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