Restaurant Building with Metal
For Sale
$1,350,000
6514 Washington Avenue, Ocean Springs, MS 39564
Commercial Sale, Ocean Springs, MS
Property Size6,000 SF
Lot Size1.14 Acres
Price / SF$225
Days on Market431
Property Features for 6514 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
C2
Lot features
City Lot, Fenced, City Lot, Fenced
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
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
1986
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Sawyer Real Estate, Inc. Of Ms.
(228) 863-0232
Listed By:
Lenny Sawyer · License #B3550
(228) 861-1313
Added: Aug 19, 2025
Changed: Oct 16
Last Checked: Oct 23 at 10:06PM
MLS# 4122942
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.
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Investment Insights
Based on property information with market context.
At 6514 Washington Avenue in Ocean Springs, the property includes three parcels and a 6,000-square-foot building on the primary parcel. Built in 1986, the building has a metal roof, concrete flooring, central heating, and central air conditioning.
Public water and sewer serve the property, and cable is available. The listing identifies restaurant and retail as relevant property categories.
Public water and sewer serve the property, and cable is available. The listing identifies restaurant and retail as relevant property categories.
Key Highlights
- 6,000‑square‑foot building on the primary parcel
- Three parcels included
- Metal roof and concrete flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,719
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,380
$1.8M
Cap Rate 7%
$1,267,414
$1.3M
Cap Rate 9%
$985,767
$985.8K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$128.2K $21.36/SF
− Vacancy
−$9.9K −$1.64/SF
EGI
$118.3K $19.72/SF
− OpEx
−$29.6K −$4.93/SF
NOI
$88.7K $14.79/SF
Area
Jackson County, MS
Vacancy
7.70%
Lease Rate
$21.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,774,380
Cap Rate 7%
$1,267,414
Cap Rate 9%
$985,767
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 authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
331
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Central heating and air conditioning serve the 6,000-square-foot building.
Where is this conventional restaurant located?
The property is located at 6514 Washington Avenue 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: 6,000‑square‑foot building on the primary parcel; Three parcels included; Metal roof and concrete flooring
