6514 Washington Avenue, Ocean Springs, MS 39564
COMMERCIAL - Ocean Springs, MS
- Added:
- Aug 19, 2025
- Days on Market:
- 313
- Last Refresh:
- Jun 27 at 3:06 pm
Property Features for 6514 Washington Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 06110608.000
- Size
- 6,000 SF
- Lot size
- 1.14 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 6475
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 1986
- Floors in Building
- 1
- Flooring type
- Concrete
- Roof type
- Metal
Listing agent Lenny Sawyer License #B3550 (228) 861-1313
Listing office Sawyer Real Estate, Inc. Of Ms. 1801 24th Avenue, Gulfport, MS (228) 863-0232
Listing date Aug 19, 2025
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.
HighLights
- Sale includes 3 parcels totaling 1.74 +- AC.
- Primary parcel has a 6,000 SF building.
- Built in 1986 with concrete flooring.
- Metal roof on the building.
- Utilities and services include public water and public sewer, with cable available.
Overview
The property is located at 6514 Washington Avenue in Ocean Springs, Mississippi, in Jackson County. The seller describes the site as a restaurant and retail location with large property size and access, supporting a straightforward retail or food-service tenanting strategy.
This configuration can fit users who want a dedicated building with additional land through an expanded parcel set. The 6,000 SF structure provides the space for a retail or restaurant layout, while the surrounding acreage may help support customer-oriented operations within the overall site boundaries. Prospective buyers and tenants should verify site-specific conditions and any intended use requirements through due diligence.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $128.2k | $21.36 |
| − Vacancy | −$9.9k | −$1.64 |
| EGI | $118.3k | $19.72 |
| − OpEx | −$29.6k | −$4.93 |
| NOI | $88.7k | $14.79 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Ocean Springs
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.830942
- Latitude
- 30.436881
