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!