103 Live Oak Dr - Hospitality FOR SALE


Diamondhead, MS 39525
$4,950,000 USD
404-398-2090
103 Live Oak Dr, Diamondhead, MS for Sale
$4,950,000 USD
Hospitality - FOR SALE
1/30
null | Request Cap Rate

103 Live Oak Dr
Diamondhead, MS 39525


HIGHLIGHTS

  • Newly Opened Ramada in July 2023?.? All Rooms have been Fully Renovated?. Seller PIP Completed
  • Over $1.5 Million Significant Capex Improvements has been completed by the Seller
  • Potential Buyer Incentive of $500K at closing if ?Buyer retains the Ramada by Wyndham Franchise
  • Upgraded Concrete Parking Lot with New Striping. Prime Location.
  • Located Right off the Highway Exit with Excellent Visibility. Limited Competition with No competing hotels within a 30-mile radius
  • Conveniently located 65 miles from New Orleans. The Hotel is Only 4 miles from the Casino

OVERVIEW

Rooms: 149 Interior Corridor Year Built: 1990 Lot Size: 6.1 acres 2 Stories Hotel is located right off Interstate I-10 Exit 16 Close to all demand generators Bank Financing Available Newly Opened Ramada in July 2023 Over $1.5 Million Significant Capex Improvements has been completed by the Seller All Rooms have been Fully Renovated Seller PIP Completed New Flooring, New Paint, New TV, New Vanity, New Bed Frame, New Refrigerator, New Microwave, New Toilet, New Ballroom, New Ballroom Furniture, New Ballroom Carpet, New Wifi, New Camera System, Wifi all throughout the building in every room, All Locks are RFID, New Lobby Painted, New Lobby Flooring, New Kitchen Furniture and Cabinet, Wyndham Approved Linen, New AC Potential Buyer Incentive of $500K at closing if Buyer retains the Ramada by Wyndham Franchise Upgraded Concrete Parking Lot with New Striping Prime Location Conveniently located 65 miles from New Orleans Located Right off the Highway Exit with Excellent Visibility. Limited Competition with No competing hotels within a 30-mile radius The Hotel is Only 4 miles from the Casino Ramada by Wyndham Diamondhead I-10/Gulfport - MS is located right off Interstate I-10 Exit 16. The hotel is a short drive from Gulf Coast beaches, Hollywood Casino (12 miles) and Silver Slipper Casino (14 miles). It has easy access to tournaments at Gulfport Sportsplex (18 miles), tours at NASA’s Stennis Space Center (20 miles), and championship golf at Diamondhead Country Club (2 miles). The area's natural beauty can be seen at Hancock County Sports Complex (10 miles), while Buccaneer Bay Waterpark (12 miles) and Gulf Islands Waterpark (18 miles) are popular area attractions. Lazy Magnolia Brewing Company (7 miles) and Bay St. Louis Little Theater (11 miles) are two other places to visit that come recommended. Swim with dolphins at Ocean Adventures Marine Park (24 miles), shop at Gulfport Premium Outlets (20 miles), or book a boat tour to Ship Island (22 miles). Also, visit the iconic Biloxi Lighthouse (35 miles), stroll along the white sand of Biloxi Beach (35 miles), and learn about local history at the Maritime and Seafood Industry Museum (36 miles). New Orleans is just 56 miles away from the property. Gulfport-Biloxi International Airport (GPT) is only 21 miles from the hotel. Location Highlights: Gulfport Beach - 23 miles Gulf Islands Waterpark - 18 miles Institute for Marine Mammal Studies (IMMS) - 27 miles Gulfport Premium Outlets - 20 miles Bay St. Louis - 11 miles Infinity Science Center - 16 miles Lynn Meadows Discovery Center - 25 miles De Soto National Forest - 52 miles Mississippi Gulf Coast Birding Trail - 47 miles Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$70 USD /SF

# OF ROOMS

146

PRICE/ROOM

$33,904 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ramada by Wyndham Diamondhead I-10/Gulfport

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1990

PARKING SPACES

174

LAND DETAILS

LAND ACRES

6.1 AC

LAND SF

265,716 SF

ZONING

Commercial C-2

APN/PARCEL ID

132H-1-03-010.000,132H-1-13-011.000

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.