Corner Retail
For Lease
$36 SF/Yr
1515 Government Street, Ocean Springs, MS 39564
The space occupies a corner at Government Street and General Pershing.
Space Size737 SF
Property Size915 SF
Days on Market624
Property Features for 1515 Government Street
General Information
Standard status
Active
Size
737 SF
Net Rentable
737 SF
Total Parking Spaces
200
Space & Availability
Available Space
737 SF
Contiguous Space
737 SF
Space Use
Retail
Lease Terms
Lease Rate
$36 /USD/SF/YR
Monthly Rent
$2,211
Rent per SF/Year
$36
Additional Details
Corner Location
Yes
Amenities
Boutique Hotel
THE GALLERY event venue
CRAVE food hall
PROOF Cocktail Bar
LOFTS1515 luxury condos
Building Details
Building Size
915 SF
Year Built
2024
Tenancy
Multi
Listing Agency:
Britt Barnes Realty Group
Listed By:
Britt Barnes · License #B-18804
(601) 267-7800
Source:
Brittbarnes
Added: Feb 6, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Britt Barnes Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 1 in Building A is a retail space at The Shops1515, a development completed in 2024. The suite has shared bathroom access, and its corner position fronts Government Street and General Pershing.
The downtown Ocean Springs property includes a parking garage with 200 spaces. Other components of the development include a 33-suite hotel, an event venue, a food hall, a cocktail bar, and 14 residential condominiums.
The downtown Ocean Springs property includes a parking garage with 200 spaces. Other components of the development include a 33-suite hotel, an event venue, a food hall, a cocktail bar, and 14 residential condominiums.
Key Highlights
- Corner suite in Building A fronts Government Street and General Pershing
- On‑site parking garage with 200 spaces
- Part of a 2024 development with a 33‑suite hotel and 14 residential condominiums
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$5.40 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,088
Businesses Nearby
Explore this area
Business Placement
Demographics for 39564, MS
42,539
Population
18,908
Households
2.2
Avg Household Size
39
Median Age
40%
College-Educated
94%
High-School Grad
53.3 sq mi
ZIP Area
798
Density / Sq Mi
$77,300
Median Household Income
$43,754
Median Earnings
$1,314
Median Rent
$220,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Ocean Springs, MS
$14.96 /SF/Yr
Avg Asking Price
$8–$25 /SF/Yr
Price Range
14,722 SF
Avg Space Size
This space is priced 141% above the average of $14.96 /SF/Yr.
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The space occupies a corner at Government Street and General Pershing.
Where is this retail space located?
The property is located at 1515 Government Street Ocean Springs, MS.
What is the lease rate?
The lease rate is $36 SF/Yr.
What are key features of this property?
This property features: Corner suite in Building A fronts Government Street and General Pershing; On‑site parking garage with 200 spaces; Part of a 2024 development with a 33‑suite hotel and 14 residential condominiums
