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Corner Lot with Road Frontage
For Sale
$499,000

9298 Old Lorraine Road, Gulfport, MS 39503

COMMERCIAL - Gulfport, MS

Property Size79,873 SF
Lot Size1.81 Acres
Price / SF$6.25
Days on Market141

Property Features for 9298 Old Lorraine Road

General Information

Property type Commercial Sale
Property subtype Office
Zoning description Residence - Office
Subdivision Metes And Bounds
Lot features Corner Lot, City Lot, Many Trees, Corner Lot, City Lot, Many Trees
Elementary school Bayou View
Middle school Bayou View Middle School
High school Gulfport
Directions From Hwy 605 (Cowan Road), head east on Old Lorraine Road. Property is located at the corner of Old Lorraine Road and Creel Circle, with frontage on three sides.
Standard status Active
APN 1009l-02-018.000
Size 79,873 SF
Lot size 1.81 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description BEG AT NW COR OF S1/2 OF SE1/4 OF NW1/4 & RUN E 60 FT TO E LINE OF LORRAINE RD S 204 FT TO S LINE OF A ROAD FOR BEG NE 164.2 FT E 148.6 FT S 300 FT TO N LINE OF S LINE OF A ROAD NW ALONG RD 316.5 FT TO E LINE OF LORRAINE RD N 207.5 FT TO
Tax Annual Amount 1789
Legal Description BEG AT NW COR OF S1/2 OF SE1/4 OF NW1/4 & RUN E 60 FT TO E LINE OF LORRAINE RD S 204 FT TO S LINE OF A ROAD FOR BEG NE 164.2 FT E 148.6 FT S 300 FT TO N LINE OF S LINE OF A ROAD NW ALONG RD 316.5 FT TO E LINE OF LORRAINE RD N 207.5 FT TO

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 2007
Listing Agency: Coastal Realty Group
Listed By: Donna C Machado · License #B20895
Added: Mar 16 Changed: Jul 24 Last Checked: Aug 3 at 6:06PM
MLS# 4142736

Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This offering is a corner commercial land parcel totaling 1.81 acres. The property includes three-sided road frontage and is being sold as-is. A structure on site is uninhabitable and is given no value; the sale value is in the land only.

The parcel has frontage on Old Lorraine Road and Creel Circle. The property has recently been rezoned to R-O (Residential-Office).

The current zoning supports a range of professional uses, including medical and dental offices, professional buildings, law firms, CPA offices, and insurance agencies, subject to buyer verification of all zoning, usage, and condition.

Key Highlights

  • 1.8 Acre Corner Lot
  • High‑Visibility with 3‑Sided Road Frontage
  • Recently Rezoned to R‑O (Residential - Office)

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick Spa & Massage Center Restaurant Pharmacy Auto Parts Store Hair Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

136
Businesses Nearby

Demographics for 39503, MS

53,643
Population
22,533
Households
2.4
Avg Household Size
37
Median Age
24%
College-Educated
92%
High-School Grad
114.3 sq mi
ZIP Area
469
Density / Sq Mi
$61,298
Median Household Income
$36,241
Median Earnings
$1,087
Median Rent
$193,000
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - Residential-office rezoned corner parcel with three-sided road frontage, sold as-is with value in the land.
Where is this commercial land located?
The property is located at 9298 Old Lorraine Road Gulfport, MS.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 1.8 Acre Corner Lot; High‑Visibility with 3‑Sided Road Frontage; Recently Rezoned to R‑O (Residential - Office)
More about this property
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