Active

525 Porter Avenue

Ocean Springs MS, 39564

$1,100,000


$270.94 per sqft

Active

5 Beds

4 Baths

4,060 sqft

Commercial

Built in 1900

Listed by Kristen R Price 228-257-0678 with Keller Williams

PRICED 330k BELOW RECENT APPRAISAL! Sellers will look at all reasonable offers. Explore this exceptional investment opportunity in the heart of Ocean Springs with this unique double lot property featuring a beautifully restored historic residence. This property offers 150 feet of road frontage on Porter Avenue and spans 4,060 square feet. The front lot is zoned CMX-1, ideal for commercial uses such as retail shops, office spaces, or mixed-use developments. With high-traffic exposure on Porter Avenue, this is a prime location for any business venture. The rear lot, zoned R-2, provides potential for residential development, including multi-family housing or a private residential retreat, extending back to the railroad tracks for additional space and opportunities. The centerpiece of this property is a stunning three-story residence that has undergone a million-dollar restoration. As one of the oldest buildings in Ocean Springs, it features historic charm combined with modern upgrades. This versatile space is perfect for a boutique bed and breakfast, an event venue, or a prestigious private home. Situated just 1/3 mile from the beautiful Ocean Springs Beach and steps from downtown's shops & restaurants, this property is ideally positioned for both business and leisure. Don't miss out on this rare chance to own a piece of Ocean Springs history and explore exciting development possibilities. Act now to make your mark in one of Mississippi's most charming and vibrant communities!

4085153

MLS ID

July 11, 2024

Listed

August 26, 2024

Updated

Map

525 Porter Avenue
Ocean Springs MS, 39564

Interior Features

Total Stories

3


Bedrooms

5


Total Bathrooms

4


Full Bathrooms

3


Half Bathrooms

1


Floor Description

Carpet, Slate, Tile, Wood


Fireplace

Yes


Cooling

Yes


Cooling Description

Ceiling Fan(s), Ductless, Multi Units, Zoned, Individual Cooling


Heating

Yes


Heating Description

Ductless, Fireplace(s), Zoned, Individual Systems

Exterior/Building Features

Lot Size

2.81 Acres


Exterior Features

Balcony


Lot Features

Partially Wooded


Roof

Shingle


Sewer

Public Sewer

Other Property Details

Taxes

$6,254


Tax Frequency

Annually


Garage

No


Parking

Gravel


Parking Total

6


View

No


County

Jackson


Water Source

Public


Pool

No

Listing History

Date

Event

Price

8/22/2024

Price change

$1,100,000

-19%

7/26/2024

Price change

$1,350,000

-10%

The IDX display contains information sourced from the MLS United as of 8/26/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/26/2024 at 4:58 PM UTC

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