THE CROWN JEWEL OF GOVERNMENT STREET DOWNTOWN SCARCITY, INCOME POTENTIAL & COMMERCIAL LAND VALUE. Positioned in the heart of Downtown Ocean Springs, 1705 Government Street offers something increasingly difficult to replicate: an established 3BR/2BA short-term rental situated on commercially zoned property along one of the city's most visible and walkable corridors. Unlike a conventional residential STR acquisition, the investment thesis here extends beyond rental income to the underlying commercial real estate and its potential for future alternative uses. COMMERCIAL ZONING & OPTIONALITY: The property is located within the C-H Regional Commercial District / Downtown Overlay District. Its zoning creates potential for a range of commercial, hospitality, retail, office, food-and-beverage, live-work and redevelopment concepts, subject to applicable zoning, permitting, licensing, building-code and other governmental requirements. Buyers should independently verify their intended use with the City of Ocean Springs. CURRENT INCOME-PRODUCING USE: Continue operating the furnished 3BR/2BA short-term rental known as "Mona Lisa," or evaluate the property for an alternative commercial or mixed-use concept. Its Government Street location, commercial frontage, walkability and on-site parking distinguish it from typical residential vacation-rental properties. THE PROPERTY: Originally built in 1910 and extensively renovated since that time, this approximately 1,620 SF property combines historic character with modern finishes, including high ceilings, granite countertops and smart-home features. Dedicated on-site parking accommodates approximately five vehiclesan especially valuable feature in the downtown district. Convenient to downtown dining, boutiques, entertainment, festivals and nightlife. Public water, sewer and electric available. Whether considered as a furnished vacation rental, live-work property, commercial investment, redevelopment opportunity or long-term downtown land holding, 1705 Government Street offers an unusually broad range of potential strategies. Buyer and/or his agent to verify all information material to buyer, including zoning, permitted uses, STR regulations, licensing, flood-zone status, square footage, parking capacity and redevelopment potential. Showings by appointment only.
Details
MLS #
4127827
Listing Type
For Sale
Style
Other
Sub-Type
Resale
Status
Active
Year
1910
Days On Site
332
Listing Provided By
Real Broker, LLC. | Justin W McPhail
Features
Bed(s)
3
Bath(s)
2 Total
SQ Feet
1,620
Story(s)
1
Zoning
Overlay District
Acreage
0.10
Interior
Cooling
Central Air, Electric
Heating
Central, Electric
Exterior
Exterior Features
Private Yard
Foundation Details
Pilings/Steel/Wood
Lot Features
Fenced
Parking
Attached Garage Yes / No
No
Parking Features
See Remarks, Concrete
Utilities
Utilities
Electricity Connected, Sewer Connected
Taxes
Property
2330
Area Information
State
MS
County
Jackson
City
Ocean Springs
Zip Code
39564
Area
Jackson
Community Name
Weed Davis
Sourced by Back At You
MLS Number: 4127827
Justin W McPhail – (662) 637-7322 – justinmcphail@homecoastms.com
Real Broker, LLC. – (228) 471-5211 – membership@therealbrokerage.com
Request a showing
Request a showing
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MLS Number: 4127827
Justin W McPhail – (662) 637-7322 – justinmcphail@homecoastms.com
Real Broker, LLC. – (228) 471-5211 – membership@therealbrokerage.com
