2015 Military Rd - Hospitality FOR SALE


Columbus, MS 39701- Downtown Columbus MS
$2,700,000 USD
404-398-2090
2015 Military Rd, Columbus, MS for Sale
$2,700,000 USD
Hospitality - FOR SALE
1/55
null | 11.73% Cap Rate

2015 Military Rd
Columbus, MS 39701
Downtown Columbus MS


HIGHLIGHTS

  • The property is a 60-room Econo Lodge located just off Highway 82 in Columbus, Mississippi, providing excellent visibility and accessibility.
  • The hotel is offered at a 10.92% cap rate on actual trailing performance, with projected improvement in 2026 operations.
  • Guests are attracted by a competitive amenity set that includes free breakfast, premium Wi-Fi, an outdoor pool, and pet-friendly rooms.
  • The location benefits from proximity to major demand drivers such as Columbus Air Force Base, Mississippi State University, and regional motorsports
  • The offering is attractively priced at $2.7 million, or approximately $48,333 per key, presenting a strong basis for investors seeking yield and value

OVERVIEW

Hotel Brokers of America is pleased to present the opportunity to acquire the 60-room Econo Lodge in Columbus, Mississippi, a well-located, exterior-corridor hotel offered at an attractive 10.92% cap rate based on current operations. Positioned just off Highway 82, the property benefits from convenient access to Columbus Air Force Base, Mississippi State University, local motorsports venues, and downtown Columbus attractions. The hotel features a strong amenity package including free breakfast, outdoor pool, premium Wi-Fi, pet-friendly accommodations, and exterior corridors, appealing to both transient and extended-stay demand. With stable in-place cash flow, a projected upside in performance, and a compelling price per key of $48,333, this offering represents a compelling value-add or long-term hold opportunity in a diverse regional market.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$114 USD /SF

# OF ROOMS

60

PRICE/ROOM

$45,000 {currency}

CAP RATE

11.73%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Columbus

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1992

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,957 SF

ZONING

C

APN/PARCEL ID

56W14-01-01301

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 Notice.