Property Description

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 vehicles-an 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.

Property Features