Restaurant and Retail
6514 Washington Avenue Ocean Springs, MS 39564
For Sale
$1,350,000
COMMERCIAL - Ocean Springs, MS
Property Size6,000 SF
Lot Size1.14 Acres
Price / SF$225
Days on Market340
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 Agency:
Sawyer Real Estate, Inc. Of Ms.
(228) 863-0232
Listed By:
Lenny Sawyer · License #B3550
(228) 861-1313
Added: Aug 19, 2025
Changed: Jul 24
Last Checked: Jul 24 at 4:06PM
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.
Investment Insights
Based on property information with market context.
This for-sale listing includes three parcels totaling 1.74± acres. A 6,000 SF building is located on the primary parcel, supporting restaurant and retail use as described for the property.
The property is offered at 6514 Washington Avenue in Ocean Springs, Mississippi (Jackson County). The parcels create a larger site configuration intended to accommodate a mix of restaurant and retail needs within the existing building footprint.
Additional parcel details are not provided. The offering is structured as three parcels with the building on the primary lot.
The property is offered at 6514 Washington Avenue in Ocean Springs, Mississippi (Jackson County). The parcels create a larger site configuration intended to accommodate a mix of restaurant and retail needs within the existing building footprint.
Additional parcel details are not provided. The offering is structured as three parcels with the building on the primary lot.
Key Highlights
- Sale includes 3 parcels totaling 1.74 +- AC.
- Primary parcel has a 6,000 SF building.
- Built in 1986 with concrete flooring.
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
Property Profile
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 1.74± acres with a 6,000 SF building on the primary lot.
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: Sale includes 3 parcels totaling 1.74 +- AC.; Primary parcel has a 6,000 SF building.; Built in 1986 with concrete flooring.
