1673 Cecil Shelton Dr - Hospitality FOR SALE


Grenada, MS 38901
$3,355,000 USD
1673 Cecil Shelton Dr, Grenada, MS for Sale
$3,355,000 USD
Hospitality - FOR SALE
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1673 Cecil Shelton Dr
Grenada, MS 38901


HIGHLIGHTS

  • Large 6.1-Acre Parcel
  • Located Within Major Retail Trade Area
  • Located at High-Traffic Intersection
  • Strong Employment Growth

OVERVIEW

Northmarq is pleased to offer for sale an outstanding highway land-development opportunity in Grenada, Mississippi (the “Property”). The Property consists of a large 6.1-acre tract of land that benefits from direct visibility from Interstate 55 to the west. With the Property being zoned B-3 - Heavy Commercial, it lends itself to multiple potential uses, including a hotel and several commercial pad uses. The Property is located along Grenada’s primary retail corridor and across from Walmart and several other national-brand tenants.

FOR SALE DETAILS

PRICE

$3,355,000 USD

PRICE/SF

$153 USD /SF

# OF ROOMS

50

PRICE/ROOM

$67,100 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6.1 Acres Available For Development

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2005

PARKING SPACES

56

LAND DETAILS

LAND ACRES

1.95 AC

LAND SF

84,942 SF

ZONING

B2

APN/PARCEL ID

091Z-12-143.01

ASK ABOUT THIS PROPERTY

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