Restaurant and Retail
6514 Washington Ave Ocean Springs, MS 39564
For Sale
$1,350,000
Sale includes three parcels totaling about 1.74 acres with a 6,000 SF building suited for restaurant and retail use.
Property Size6,000 SF
Lot Size1.74 Acres
Price / SF$225
Days on Market339
Property Features for 6514 Washington Ave
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 1.74 Acres
Listing Agency:
Sawyer Real Estate, Inc. Of Ms.
(228) 861-1313
Listed By:
Lenny Sawyer · License #B3550
(228) 861-1313
Source:
Exprealty
Added: Aug 19, 2025
Changed: Jul 23
Last Checked: Jul 23 at 1:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sawyer Real Estate, Inc. Of Ms.
Investment Insights
Based on property information with market context.
This listing offers the sale of three parcels totaling approximately 1.74 acres (+/-), anchored by a 6,000 SF building on the primary parcel. The property is described as suitable for restaurant and retail use, with space configured to support day-to-day customer-facing operations.
Located at 6514 Washington Ave in Ocean Springs, MS, the property is positioned for accessibility and is presented as having strong access for visitors and deliveries. The larger parcel footprint provides room to accommodate on-site activity tied to retail and dining use.
Overall, this is a multi-parcel commercial offering centered on a single, 6,000 SF building designed for restaurant and retail compatibility in a single ownership package.
Located at 6514 Washington Ave in Ocean Springs, MS, the property is positioned for accessibility and is presented as having strong access for visitors and deliveries. The larger parcel footprint provides room to accommodate on-site activity tied to retail and dining use.
Overall, this is a multi-parcel commercial offering centered on a single, 6,000 SF building designed for restaurant and retail compatibility in a single ownership package.
Key Highlights
- Sale includes three parcels totaling about 1.74 acres (+/-)
- Includes a 6,000 SF building on the primary parcel
- Building is suited for restaurant and retail use
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 |
6,000 SF · lease $21.36/SF/yr · vacancy 7.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.27M
$1.11M – $1.48M
NOI $88,719 @ 7.0% cap · market cap 6.57%
Second Best
Retail
$1.02M
$892.8K – $1.19M
NOI $71,425 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$1.64M
$1.43M – $1.91M
NOI $114,739 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jerry's Triangle Pawn
Discount Store
U-Haul Neighborhood Dealer
Car Rental Facility
JERRY'S TRIANGLE PAWN ...
Discount Store
ABC Glass & Door
Hardware & Home Improvement
FAQs
What type of property is this?
Conventional restaurant - Sale includes three parcels totaling about 1.74 acres with a 6,000 SF building suited for restaurant and retail use.
Where is this conventional restaurant located?
The property is located at 6514 Washington Ave Ocean Springs, MS.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Sale includes three parcels totaling about 1.74 acres (+/-); Includes a 6,000 SF building on the primary parcel; Building is suited for restaurant and retail use
