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Restaurant Building

1423 25th Avenue, Gulfport, MS 39501

For Lease
$5,000/Mo

Commercial Lease, Gulfport, MS

Space SizeContact for details
Lot Size0.07 Acres
Days on Market982

Property Features for 1423 25th Avenue

General Information

Property type Commercial Lease
Property subtype Retail
Parking features On Street, Open
Subdivision Metes And Bounds
Standard status Active
APN 0811k-04-002.000
Size 2,157 SF
Lot size 0.07 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description DR: 1558/0305 10/10/2001-WD -THE PALACE RESTURANT- LOT 2 BLK 161 ORIGINAL GULFPORT GULFPORT CITY OF BLKS 109-161
Tax Annual Amount 2092
Legal Description DR: 1558/0305 10/10/2001-WD -THE PALACE RESTURANT- LOT 2 BLK 161 ORIGINAL GULFPORT GULFPORT CITY OF BLKS 109-161

Utilities

Utilities Water Available
Sewer type Public Sewer
Water source Public

Building Details

Year built 1942
Floors in Building 1
Listing Agency: Berkshire Hathaway Home Servs., Panoramic Properties · Prudential Real Estate
Listed By: Jacqueline L Ready · License #B22734
Added: Mar 1, 2024 Changed: Oct 8 Last Checked: Nov 7 at 12:06AM
MLS# 4072299

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.

Rey
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Investment Insights

Based on property information with market context.

This 2,157-square-foot restaurant property occupies a 0.07-acre parcel and dates to 1942. The site has public water and sewer service, with on-street and open parking. The building previously operated as the Palace Cafe.

The property is at 1423 25th Avenue in downtown Gulfport. Nearby attractions named in the property information include the Mississippi Aquarium, Jones Park, Island View Casino and Centennial Plaza. The Port of Gulfport and several marine and ocean-focused facilities are also identified in the surrounding context.

Key Highlights

  • 2,157 square feet of restaurant space
  • 0.07‑acre parcel
  • Built in 1942

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Electrical Service Grocery & Convenience Store Dental Office Furniture & Home Goods Storage Facility (Bike/Boat/Book/etc) Store

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

NNN (Triple Net)
Lease Type
$4.17 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,176
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 90% Shops & Services 10%
McDonald's Dining
23,852 visits/mo 0.2 miles
SONIC Drive In Dining
9,181 visits/mo 0.2 miles
Cadence Bank Shops & Services
2,728 visits/mo 0.3 miles
Firestone Complete Auto Care Shops & Services
987 visits/mo 0.0 miles

Demographics for 39501, MS

22,599
Population
10,565
Households
2.1
Avg Household Size
35
Median Age
13%
College-Educated
78%
High-School Grad
14.4 sq mi
ZIP Area
1,569
Density / Sq Mi
$33,491
Median Household Income
$28,522
Median Earnings
$962
Median Rent
$115,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Gulfport, MS

$21.05 /SF/Yr
Avg Asking Price
$13.33–$27.82 /SF/Yr
Price Range
4,193 SF
Avg Space Size

This space is priced 32% above the average of $21.05 /SF/Yr.

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Similar Off Market Nearby

  • The Buffet — 3300 W Beach Blvd, Gulfport, MS 39501

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Public water and sewer service are available, with on-street and open parking.
Where is this conventional restaurant located?
The property is located at 1423 25th Avenue Gulfport, MS.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: 2,157 square feet of restaurant space; 0.07‑acre parcel; Built in 1942
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