Restaurant
For Lease
$5,000/Mo
1423 25th Avenue, Gulfport, MS 39501
Commercial Lease, Gulfport, MS
Space SizeContact for details
Lot Size0.07 Acres
Days on Market935
Property Features for 1423 25th Avenue
General Information
Property type
Commercial Lease
Property subtype
Retail
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
(228) 280-8351
Listed By:
Jacqueline L Ready · License #B22734
(601) 447-1954
Added: Mar 1, 2024
Changed: Aug 29
Last Checked: Sep 22 at 10:06PM
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.
Investment Insights
Based on property information with market context.
This restaurant property encompasses 2157 square feet on a 0.07-acre parcel at 1423 25th Avenue in Gulfport. Constructed in 1942, the premises were formerly occupied by Palace Cafe and are positioned within Historic Downtown Gulfport. Public water and public sewer serve the property, with water availability also identified in the property records.
The location is described as being on a principal downtown thoroughfare, with access toward the Port of Gulfport, Marine Research Center, and Roger Wicker Ocean Enterprise Facility. Nearby destinations include the Mississippi Aquarium, Jones Park, Island View Casino, and Centennial Plaza. The property is offered for lease as conventional restaurant space.
The location is described as being on a principal downtown thoroughfare, with access toward the Port of Gulfport, Marine Research Center, and Roger Wicker Ocean Enterprise Facility. Nearby destinations include the Mississippi Aquarium, Jones Park, Island View Casino, and Centennial Plaza. The property is offered for lease as conventional restaurant space.
Key Highlights
- 2157‑square‑foot restaurant property on a 0.07‑acre parcel
- Former Palace Cafe premises
- Built in 1942
Property Analytics
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Current Use
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
Explore this area
Business Placement
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
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Market
Lease Benchmarks for Gulfport, MS
$22.59 /SF/Yr
Avg Asking Price
$13.33–$27.82 /SF/Yr
Price Range
4,492 SF
Avg Space Size
This space is priced 23% above the average of $22.59 /SF/Yr.
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- The Buffet — 3300 W Beach Blvd, Gulfport, MS 39501
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The premises offer a compact commercial footprint with public water and sewer service.
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: 2157‑square‑foot restaurant property on a 0.07‑acre parcel; Former Palace Cafe premises; Built in 1942
