0 Lot #1 Old Lorraine Rd Gulfport, MS 39503
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.