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    Lorraine Rd Gulfport, MS 39503

    Sponsored
    For Sale
    $1,100,000

    Prime Gulfport land, high traffic, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.4-acre parcel boasts approximately 690 feet of highly visible frontage on New and Old Lorraine Road in Gulfport, Mississippi. The property enjoys a strategic location, experiencing approximately 34,000 vehicles daily, offering unparalleled exposure for commercial ventures. Its proximity to Interstate 10 (approximately 2 miles south) and Seaway Road (approximately 1 mile south) ensures excellent accessibility. Furthermore, the land is conveniently situated within one mile of several established residential neighborhoods including Bayou Oaks, Brighton Place, Stanton Circle, Waterside, and Brookstone, presenting a unique opportunity for mixed-use development. The property is zoned for both commercial and residential uses, providing flexibility for a variety of development plans. The seller is open to considering subdivision options to accommodate specific buyer needs, making this a highly adaptable and attractive investment opportunity. The asking price for this exceptional property is $1,100,000. Located in Harrison County, Mississippi, with a zip code of 39503, this land presents a rare chance to capitalize on a prime location in a thriving Gulfport community.

    Property Features for 0 Lorraine Rd

    General Information

    Property type
    Land
    Lot Size
    148,104 SF

    HighLights

    • 3.4‑acre parcel in Gulfport, MS.
    • 690 feet of frontage on New and Old Lorraine Road, with approximately 34,000 vehicles passing daily.
    • Excellent accessibility, approximately 2 miles from I‑10 and 1 mile from Seaway Road.
    • Near established residential neighborhoods, suitable for mixed‑use development.
    • Zoned for commercial and residential use, offering development flexibility.
    • Seller open to subdivision options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Gulfport
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.030695669602
    Latitude
    30.416210569546

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    FAQs

    What type of property is this?
    Land - Prime Gulfport land, high traffic, development potential.
    Where is this land located?
    The property is located at Lorraine Rd Gulfport, MS.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 3.4-acre parcel in Gulfport, MS.; 690 feet of frontage on New and Old Lorraine Road, with approximately 34,000 vehicles passing daily.; Excellent accessibility, approximately 2 miles from I-10 and 1 mile from Seaway Road.
    (228) 868-7070
    Request Owner's contact information
    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
    Lorraine Rd Gulfport, MS 39503
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