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1223 Government St 5,428 SF 19% Leased Retail Building Ocean Springs, MS 39564 For Sale
Investment Highlights
- In the Heart of Downtown Ocean Springs
- Surrounded by new developments
- Dedicated Parking
Executive Summary
Rare opportunity to acquire in the heart of Downtown Ocean Springs!! This property was formally occupied by the well-known Phoenicia Gourmet restaurant which had been operating here for decades. Property has its own dedicated parking on 2 sides and surrounded by the tremendous growth of this area. Here's your opportunity to be a part of that surge.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,428 SF
Building Class
B
Year Built/Renovated
1955/2006
Percent Leased
19%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Lot Size
0.20 AC
Zoning
CMX-2 - Community Commercial/Mixed-Use District
Parking
7 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
116’ on Government Street
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Former restaurant but we will be demo'ing the interior of the property back to a vanilla box. The 4,400sf building can be leased completely or possibly demised into 2 spaces.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,400 SF | Retail | - | Now |
1st Floor
| Size |
| 4,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 4,400 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Former restaurant but we will be demo'ing the interior of the property back to a vanilla box. The 4,400sf building can be leased completely or possibly demised into 2 spaces.
Moderately walkable
60/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6-01-19-480.000 | Improvements Assessment | $32,140 |
| Land Assessment | $20,594 | Total Assessment | $52,734 |
Property Taxes
Parcel Number
6-01-19-480.000
Land Assessment
$20,594
Improvements Assessment
$32,140
Total Assessment
$52,734
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1223 Government St
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