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    Old Lorraine Rd Gulfport, MS 39503

    For Sale
    $465,000

    High-Visibility Lot, B-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1-acre commercial lot presents a unique investment opportunity in the thriving city of Gulfport, Mississippi. Located at the highly visible southeast foot of the Bayou Bernard (Seaway) bridge, this property boasts prime positioning at the corner of Hwy 605 (Cowan Lorraine Road) and Hillcrest Road, with convenient access from Old Lorraine Road. Zoned B-1 for Neighborhood Business District, this unimproved land offers unparalleled exposure to a substantial daily 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 exceptional visibility for any business seeking a high-traffic location in the heart of Gulfport. The property's size is one acre, providing ample space for development. The asking price for this remarkable opportunity is $465,000. Don't miss this chance to establish your business in a highly sought-after location with exceptional visibility and significant traffic flow. This is a rare opportunity to capitalize on a prime commercial location in a growing market. The property's strategic location and zoning make it ideal for a wide range of commercial ventures. Serious inquiries are encouraged.

    Property Features for 0 Old Lorraine Rd

    General Information

    Property type
    Land
    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
    -89.0311287
    Latitude
    30.4205715

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    FAQs

    What type of property is this?
    Land - High-Visibility Lot, B-1 Zoning
    Where is this land 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.
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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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