337 Devereaux Dr - Hospitality FOR SALE


Natchez, MS 39120
$1,600,000 USD
239-821-3178
337 Devereaux Dr, Natchez, MS for Sale
$1,600,000 USD
Hospitality - FOR SALE
1/18
null | Request Cap Rate

337 Devereaux Dr
Natchez, MS 39120


HIGHLIGHTS

  • 50 rooms
  • 4 bedroom home on site for owner/manager
  • 2 story exterior corridor
  • Off Hwy 61
  • Renovated 2023
  • Outdoor Pool

OVERVIEW

PRICE IMPROVEMENT ! Fairbridge Inn in historic MS being offered for sale. The property is located off Hwy 61 in the heart of quaint Natchez, a city rich in culture and heritage. Exterior corridor property with 50 rooms, large lobby, outdoor pool, and a four bedroom home for owner / manager on site. Built in 1994 and renovated in 2023. Renovation includes new LVP, interior and exterior paint, lighting, FFE and new water heaters. The 4 bedroom house has been updated with new LVP flooring, kitchen cabinets and painted. Property has a Motel 6 franchise agreement ready with a short list of items remaining of approximately $150,000 for new one to complete. The property is ideal for an owner / operator. Great opportunity for new owner to build the business. Natchez is situated in southwest Mississippi on the beautiful Mississippi River with easy access to regional metropolitan areas and an abundance of recreational activities. The property is centrally located within a short drive from downtown, the riverwalk, restaurants and Natchez-Adams County Airport. Absentee Owner.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$74 USD /SF

# OF ROOMS

50

PRICE/ROOM

$32,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

FairBridge Inn Express, Natchez

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1993

PARKING SPACES

70

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

B-4

APN/PARCEL ID

0035-0001-0003

ASK ABOUT THIS PROPERTY

Charlotte JonesKW CommercialMore Info
239-821-3178

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Charlotte JonesKW CommercialMore Info
239-821-3178

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