4041 Washington St - Hospitality FOR SALE


Vicksburg, MS 39180
$995,000 USD
832-888-0034
4041 Washington St, Vicksburg, MS for Sale
$995,000 USD
Hospitality - FOR SALE
1/47
null | 17.04% Cap Rate

4041 Washington St
Vicksburg, MS 39180


HIGHLIGHTS

  • Riverfront Location – 2.56± acres with direct access to downtown and casinos.
  • Versatile Space – 11,500± SF, ideal for motel or mixed-use redevelopment.

OVERVIEW

Snapshot (Why This Moves Fast) 1.86± acres on the Washington St commercial corridor with up to 30 rooms existing improvements; 1 and 2 stories; C-4 commercial zoning. Near downtown Vicksburg, MS. River-view site with direct corridor access to Downtown Vicksburg and minutes to Ameristar, Bally’s, Riverwalk, and WaterView casinos—four separate demand drivers for budget, workforce, and extended-stay lodging. LoopNet Visit Vicksburg Prime candidate for future development per prior marketing highlights; zoned C-4 (General Commercial) per City records (buyer to confirm specific uses with the City of Vicksburg). City of Vicksburg, Mississippi Municode Library Market tailwinds: new $35.6M shipyard investment at the Port of Vicksburg and $1.5M in riverfront park funding—both bringing jobs, visitors, and local spend. Vicksburg The Vicksburg Post Mississippi tourism momentum: record 43.7M visitors statewide in 2023 with strong 2024–2025 carryover—great timing for a refreshed accommodation play. Vicksburg Daily News Mississippi Business Journal The Opportunity Own a river-view hospitality parcel in one of Mississippi’s most visited historic cities. The legacy Dixiana Motel/Asam Hotel comprises of up to 30 rooms one and two floors on ~1.86 acres of C-4 commercial land—ideal for renovation or redevelopment (select from budget motel refresh, extended-stay, workforce lodging, contractor housing, or mixed hospitality + RV pads subject to zoning/permitting). The Washington St address positions you between the Mississippi River and Vicksburg’s four-casino cluster, with easy access to historic downtown, the National Military Park, and the port/industrial employers that keep weekday occupancy high. LoopNet Southern Living CDI Riverwalk Property Highlights Land: 1.86± AC | Zoning: C-4 (General Commercial) | Bldg Stories: 1 & 2 | Visibility & Access: Washington St corridor to Downtown; near riverfront attractions and the casino row. LoopNet Visit Vicksburg Future-Proof Location: Local public/private projects (Port expansion/shipyard, Riverfront Park rebuild) are adding stable jobs and visitor experiences. Vicksburg The Vicksburg Post Why Buy Now Supply-demand gap: Vicksburg’s visitation stays resilient (casinos + heritage tourism). Catch demand with a renovated, efficient key-count or hybrid lodging model. Visit Vicksburg Vicksburg Daily News Value-add levers: cosmetic + systems refresh, key-mix optimization, extended-stay orientation, weekly corporate/contractor rates, and partnerships with nearby casinos and port employers. Capital inflows to the city (shipyard, recreation amenities) support ADR and occupancy growth—you benefit on day one and over the hold period. Vicksburg The Vicksburg Post Ideal Buyers Hospitality operators seeking a light-to-medium renovation with strong cash-on-cash potential. Value-add investors converting to extended-stay/workforce lodging (high weekday base, event and weekend upside). Developers exploring mulit family, condominum, mixed hospitality/RV or modular lodging (subject to city approvals). Call to Action 832 888 0034 Buy immediately and lock a rare river-view, C-4 commercial site on the Washington corridor before the next investment wave resets pricing. Bring your contractor, walk the site, underwrite your refresh, and go to contract this week. Contact: Sam Malik | Aspen Group 832-888-0034 | samalik2@gmail.com

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$87 USD /SF

# OF ROOMS

30

PRICE/ROOM

$33,167 {currency}

CAP RATE

17.04%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ASAM HOTEL

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

40

LAND DETAILS

LAND ACRES

12.42 AC

LAND SF

540,962 SF

ZONING

C4

APN/PARCEL ID

1085-29-0730-0011-00,1085-29-0730-0012-00,1085-29-0730-0013-00,1085-29-0730-0015-00,1085-29-0730-0016-00,1085-29-0730-0017-00,1085-29-0730-0021-00,1085-29-9999-0014-00,1085-29-9999-0014-01

ASK ABOUT THIS PROPERTY

Sam MalikMilak, SamMore Info
832-888-0034

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Sam MalikMilak, SamMore Info
832-888-0034

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