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Government Street Cottages 1705 Government St 1,620 SF 100% Leased Office Building Ocean Springs, MS 39564 $850,000 ($524.69/SF)
Investment Highlights
- Historic 1910 structure offering unique architectural character
- Public water, sewer, and electric available
- Highly visible and walkable area
- Zoned C-H Regional Commercial with Downtown Overlay, permitting restaurant/bar use by right
Executive Summary
This historic 1910 commercial property offers a rare opportunity in the heart of downtown Ocean Springs. Positioned on Government Street, the asset combines architectural character with modern zoning flexibility, making it ideal for investors or owner-users seeking a high-visibility location. The C-H Regional Commercial District zoning allows for a wide range of uses, including restaurants with full bar service by right, boutique retail, office, and mixed-use concepts. Surrounded by vibrant shops, dining, and nightlife, the property benefits from strong pedestrian traffic and consistent local and tourist activity. Public utilities are available, and the site’s walkable setting enhances its appeal for experiential retail or hospitality ventures. With building heights permitted up to 75 feet under current zoning, there is significant potential for redevelopment or expansion. Showings are by appointment only.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
1,620 SF
Building Class
C
Year Built
1910
Price
$850,000
Price Per SF
$524.69
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
1,620 SF
Building FAR
0.33
Lot Size
0.11 AC
Zoning
C-H - Commercial District
Parking
25 Spaces (15.43 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (76)
Property Taxes
| Parcel Number | 6-15-90-036.000 | Improvements Assessment | $14,651 |
| Land Assessment | $2,540 | Total Assessment | $17,191 |
Property Taxes
Parcel Number
6-15-90-036.000
Land Assessment
$2,540
Improvements Assessment
$14,651
Total Assessment
$17,191
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Real Broker, LLC
Government Street Cottages | 1705 Government St
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