Don't miss this rare opportunity to own a well-maintained perfectly positioned property in Fondren's Commercial/Residential Overlay District. Located just one block from Fondren's business district on a corner lot, this property offers the flexibility that comes with being zoned for both residential and commercial use with high visibility for the latter being located directly on N. State Street. Once an upscale clothing boutique, the property has now been divided into two separate units most currently used as a high income producing vacation rental apartment in the rear unit with a real estate office occupying the front space. Each unit has its own separate security system and split-zoned HVAC system. The front unit offers two large rooms (currently being used as conference and waiting/living rooms) as well as a sunroom/office with floor to ceiling insulated windows overlooking both State Street and a beautifully maintained green space adjacent to the Decelle Street side of the property. There is a nice sized closet currently functioning as a work room and a half bath that could easily be converted back to a full bath as the plumbing for that remains intact behind walls and floors. Worlds Away lighting fixtures and architectural elements of times past give this space ample warmth and style. The cozy rear-facing apartment has two bedrooms, one full bath, a kitchen, breakfast room, living room, laundry room, and the most quaint back deck/garden area tucked away from the hustle and bustle of State Street. The fully fenced garden has gated entrances on both sides of the property, one from the driveway and one from Decelle Street. The spacious deck flanked by Carolina Jasmine is the perfect spot for hosting, relaxing, and dining al fresco. Used by the owner for out-of-town family and guests, or as a gathering place before strolling to dinner and a show, the convenience of location can't be beat. This apartment stays fully booked when the listing is made active on Airbnb. The booking clientele have been exceptional and predominantly are in town for dealings with UMMC/Medical School or visiting family for the holidays. The real workhorse of this property is the massive amount of basement storage available which occupies the entire footprint of the property on the lower level with access from the driveway. Interior access to the basement could easily be converted back to a functioning door as the basement stairs are still intact below. The property conveys with a full set of blue prints by local architect, Curry Ballard, detailing a 900 square foot attic conversion featuring two bedrooms, one full bath, and a common space. With the addition of exterior stairs this could easily be rented out as a separate unit. There are fully wired in security cameras on the exterior and interior. Stand-alone signage is permitted in the front yard. Wiring for sign lighting is in place underground. Plantings on this property include a very old and gorgeous camellia, sunshine ligustrums, gardenias, azaleas, Japanese hollies, cypress, yuccas, and nandina. The driveway is shared with a divide down the middle. Below are the permitted uses for a property in this extremely unique district. 1101.03 Uses Permitted 1. Antique and Specialty Retail Shop 2. Apartments (Only permitted for property zoned R-4, R-5 and C-1A) 3. Art Studio and Gallery 4. Bed and Breakfast Inn Class A 5. Professional Occupation as defined by this Ordinance 6. Live/work Units as defined by this Ordinance 7. Mixed Use Buildings as defined by this Ordnance 8. Single Family Residential 9. Townhouses and Zero Lot Line Residential (Only permitted on property zoned R-3, R-4 and R-5.) 10. Off street surface parking, subject to the requirements of the Landscape Ordinance, south of Decelle Street on the west side of North State Street and south of Broadway Avenue on the east side