1724 Casino Center Dr - Hospitality FOR SALE


Robinsonville, MS 38664
$1,240,000 USD
901-351-5595
1724 Casino Center Dr, Robinsonville, MS for Sale
$1,240,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

1724 Casino Center Dr
Robinsonville, MS 38664


HIGHLIGHTS

  • Existing Rentable Units: 24
  • 9,980 SF Clubhouse, 3 buildings housing 1 BR/1BA, 1 Unfinished Shell, 1 Concrete Pad with stubbed plumbing
  • Pool and Hot Tub

OVERVIEW

Former Hotel/Employee Housing near Casinos in Tunica, MS. Value Add Multi Family/Hospitality/Housing Opportunity. Exceptional Investment Opportunity with Multiple Structures and Resort-Style Amenities. Discover the potential of this expansive property featuring five existing buildings and a wealth of amenities, all set on a prime site ready for revitalization or redevelopment. ? Property Highlights: • Clubhouse: A spacious ±9,980 SF facility with ceramic tile flooring, LED lighting, and a layout that includes a welcoming reception area, offices, and restrooms. Ideal for community use or conversion to alternative purposes. • Residential Units: Three buildings offering 24 one-bedroom, one-bathroom rental units, totaling approximately 17,220 SF. A solid foundation for generating rental income with room for upgrades. • Expansion Potential: A ±2,870 SF shell building, originally designed for 8 additional units, currently used for storage. Plus, an unfinished concrete slab with roughed-in plumbing, offering further development possibilities. • Amenities: Enjoy resort-style features including an outdoor pool, hot tub, and fitness center, enhancing the appeal for future tenants or guests. • Infrastructure: All interiors are fully sprinklered for safety. Units share water and electricity systems, simplifying utility management. Value-Add Opportunity: The property has been vacant for several years and presents a value-add opportunity for investors or developers. While some deferred maintenance is evident—including settlement in the clubhouse—this site is primed for transformation into a vibrant residential or mixed-use community. • Current Use: Vacant • Existing Rentable Units: 24 • Building Height: 2.0 Stories • Number of Buildings: 5 • 9,980 SF Clubhouse, 3 buildings housing 1 BR/1BA, 1 Unfinished Shell, 1 Concrete Pad with stubbed plumbing • Year Built: 1999 • Foundation: Concrete Slab • Pool and Hot Tub

FOR SALE DETAILS

PRICE

$1,240,000 USD

PRICE/SF

$36 USD /SF

# OF ROOMS

24

PRICE/ROOM

$51,667 {currency}

CAP RATE

Request Cap Rate

STATUS

Converted

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Former Hotel/Employee Housing near Casinos in

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1999

PARKING SPACES

137

LAND DETAILS

LAND ACRES

11.1 AC

LAND SF

483,516 SF

ZONING

C

APN/PARCEL ID

3111110000000105

ASK ABOUT THIS PROPERTY

Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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Melanie Myers BlandMyers Commercial Real EstateMore Info
901-351-5595

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