5925 I-55, Jackson, MS 39206
76 Room Hotel | Jackson, MS 39206 | $2,500,000 ($32,895/Room)
For Sale
Active
22 pictures
Asking Price $2,500,000
- Property Type
-
Hospitality
- Square Feet
- 30,875 SF
Listing Contacts
Raiyan Rab
- Property Info
Property Overview
Offered Price: $2.5 Million As IS without any Improvements with the Buyer doing all the Renovation and Opening the Property as an Extended Stay Hotel or a Multifamily Apartment
Incredible Opportunity for the New Investor to Purchase, Renovate, and Reposition the property for Maximum Value Opportunity
Rooms: 76 (All Rooms are 2-Room Suites with Separate Full Kitchens and Living Room Area)
Rooms Configuration: 45 Rooms are 576 Sq. Ft. and 31 Rooms are 432 Sq. Ft.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Incredible Opportunity for the New Investor to Purchase, Renovate, and Reposition the property for Maximum Value Opportunity
Rooms: 76 (All Rooms are 2-Room Suites with Separate Full Kitchens and Living Room Area)
Rooms Configuration: 45 Rooms are 576 Sq. Ft. and 31 Rooms are 432 Sq. Ft.
Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.
Property Details
- Class
- C
- Year Built
- 1975
- Stories
- 2
- Property Subtype
- Hotel
- Lot Size (sq. ft)
- 135,036 SF
- Units
- 76
Highlights
- Offered Price: $2.5 Million As IS without any Improvements with the Buyer doing all the Renovation and Opening the Property as an Extended Stay Hotel
- Solid Block Construction. Separate 3-Bedroom Manager's House. Offered at a substantial discount to replacement cost.
- Substantial Value Add Opportunity. Several attractive extended stay re-branding options are available or conversion to Multifamily Apartments.
- More than $200MM in developments are currently planned for the region including a new $65MM University of Mississippi Medical Center facility Located
- Amazon Prime Distribution Center coming next door to the property with over 2.5K workers employed which will create constant demand flow for extended
- Premium Location. Located Right off Interstate I-55 Frontage Road. Amazon Prime Center is opening next to the subject property late 2023.
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].