337 Devereaux Dr - Hospitality FOR SALE


Natchez, MS 39120
$1,800,000 USD
404-398-2090
337 Devereaux Dr, Natchez, MS for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/69
null | Request Cap Rate

337 Devereaux Dr
Natchez, MS 39120


HIGHLIGHTS

  • 2.5 miles to downtown Natchez
  • 2. 5miles to Mississippi Riverwalk
  • 2 hour drive from Louisiana’s Baton Rouge
  • 8 miles from Natchez-Adams County Airport
  • 23 miles to Frogmore Cotton Plantation & Gins
  • 95 miles to Jackson MS

OVERVIEW

Keys: 50 Year Built: 1994 Year Renovated: 2023 Property Type: Hospitality Subtype: Hotel, Motel Buildings: 2 Stories: 2 Zoning: B4 Lot Size (acres): 2.43 Fair bridge Inn in historic MS (with Motel 6 contract) 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. Investment Highlights: 50 rooms 4 bedroom home on site for owner / manager Exterior Corridor 2 story Metal & shingle roof Off Hwy 61 2.5 miles to downtown Natchez 2. 5miles to Mississippi Riverwalk 2 hour drive from Louisiana’s Baton Rouge 8 miles from Natchez-Adams County Airport 23 miles to Frogmore Cotton Plantation & Gins 95 miles to Jackson MS Outdoor Pool Free Coffee Oldest Settlement on Mississippi River Many outdoor festivals in the area Great historic culture Located in heart of Natchez Natchez, Mississippi is experiencing a period of significant economic and residential growth, with several projects poised to drive increased tourism and business. Here's a breakdown of the key developments that could benefit the Fairbridge Inn: Economic and Retail Development Trace Town Shopping Center: This old retail center is undergoing a multi-million-dollar redevelopment, the largest in the region in over 40 years. The project includes the construction of new retail space, with Hobby Lobby slated to open in spring 2026. New Retail Development: A new 30-acre retail development is planned just north of Walmart. This project, with an estimated investment of $40 million, will bring a new, large client to the area, creating hundreds of new jobs. Film Production: A new 100,000 square-foot facility with a full-production sound stage has opened, positioning Natchez as a destination for film and television crews. This development is expected to attract visiting professionals who will require long-term lodging. Residential and Community Projects Eola Hotel Renovation: A $30 million renovation is planned for the historic Eola Hotel downtown. The project, which involves demolishing an adjacent building to make way for a parking lot, is expected to begin in early 2026. The new hotel will feature 96 rooms, attracting both tourists and business travelers. New Construction Homes: There is a noticeable increase in new residential construction. Local real estate listings show new homes for sale in subdivisions like Hedges Plantation, with prices ranging from the low $100,000s to over $300,000. Affordable Housing: The former Brumfield High School is undergoing a $7.2 million renovation to be converted into an affordable apartment complex. Infrastructure and Tourism Projects River Cruise Docking Facility: A proposed $13.5 million project aims to build a new docking facility to improve connectivity between the historic district and the Mississippi River. This is a strategic move to accommodate the growing number of visitors from new cruise line operations. Workforce Development: The city has secured a $300,000 grant to support workforce development programs in construction and technology. This initiative is designed to supply a trained labor force to meet the demands of the new jobs being created. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$84 USD /SF

# OF ROOMS

50

PRICE/ROOM

$36,000 {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

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.