404-398-2090
5925 I-55, Jackson, MS for Sale
Hospitality - FOR SALE
1/22
null | Request Cap Rate

5925 I-55
Jackson, MS 39206
North Jackson


HIGHLIGHTS

  • As IS without any Improvements with the Buyer doing all the Renovation and Opening the Property as an Extended Stay Hotel
  • Solid Block Construction. Separate 3-Bedroom Manager's House. Offered at a substantial discount to replacement cost.
  • Substantial Value Add Opportunity. Several attractive extended stay re-branding options are available or conversion to Multifamily Apartments.
  • More than $200MM in developments are currently planned for the region including a new $65MM University of Mississippi Medical Center facility Located
  • Amazon Prime Distribution Center coming next door to the property with over 2.5K workers employed which will create constant demand flow for extended
  • Premium Location. Located Right off Interstate I-55 Frontage Road. Amazon Prime Center is opening next to the subject property late 2023.

OVERVIEW

Please note the Hotel is Currently Closed Call For All Serious Offers Incredible Opportunity for the New Investor to Purchase, Renovate, and Reposition the property for Maximum Value Opportunity Rooms: 76 (All Rooms are 2-Room Suites with Separate Full Kitchens and Living Room Area) Rooms Configuration: 45 Rooms are 576 Sq. Ft. and 31 Rooms are 432 Sq. Ft. Property Highlights: 2 Stories 4 Buildings Exterior Corridor Lot Size: 3.1 acres Solid Block Construction Separate 3-Bedroom Manager's House Offered at a substantial discount to replacement cost Substantial Value Add Opportunity Several attractive extended stay re-branding options are available or conversion to Multifamily Apartments More than $200MM in developments are currently planned for the region including a new $65MM University of Mississippi Medical Center facility Located less than 4 miles from the Subject Property Amazon Prime Distribution Center coming next door to the property with over 2.5K workers employed which will create constant demand flow for extended stay customers Close to all demand generators Bank Financing Available Location Highlights: Premium Location Located Right off Interstate I-55 Frontage Road Amazon Prime Center is opening next to the subject property late 2023 Conveniently located just off I-55 near the I-220 confluence with upwards of 103,000 vehicles passing daily Within minutes from 3 Large Universities located in Jackson MS Proximate to all local Ridgeland demand including Nissan North America, University of Mississippi Medical Center, Mississippi Baptist Medical Center, Natchez Trace Parkway, and Barnett Reservoir Just minutes from Downtown Jackson as well as the State Capitol and Capitol Museum, Trustmark Park, Mississippi Sports Hall of Fame and Museum, The Fondren District, LeFleur’s Bluff State Park, and Jackson Medgar-Evers International Airport Property is located in the Heart of All Demand Generators the City of Jackson has to offer Jackson, Mississippi, is experiencing significant growth, with new developments in several key areas. These projects could drive sales for the Studio 7 Extended Stay - Jackson - MS, located at 5925 Interstate I-55 North Frontage Rd. Economic and Industrial Development: Amazon Prime Distribution Center: The most impactful development for this hotel is the new Amazon Prime Distribution Center. Situated directly next to the property, this facility is anticipated to employ a large workforce, including temporary and long-term contractors, new hires, and management personnel who will require extended-stay accommodations during the hiring and relocation phases. UMMC Facility: A new $65 million facility for the University of Mississippi Medical Center (UMMC) is in the works for the region. While the exact location is not yet public, major healthcare expansions typically create demand for extended stays from out-of-town patients and their families, as well as visiting medical staff and construction crews. Downtown Revitalization: Developers are making significant investments in downtown Jackson. One plan includes revitalizing the Pinnacle and Deposit Guaranty Buildings to include a luxury hotel, restaurants, a coffee shop, and a pharmacy. The City of Jackson also has a new three-phase downtown plan to create a community park, a vendor park, and a hotel connected to the Jackson Convention Complex. These projects signal a broader economic upswing that can attract business travelers and visitors to the area. Residential and Commercial Development: The Village at Madison: A 25-acre development in the Madison area is underway, with 90 new residences planned and a 30,000-square-foot building under construction to house various businesses. This type of growth in the surrounding area can lead to more people relocating to the metro area, who often use extended-stay hotels during their transition. New Commercial and Retail Businesses: The Jackson metro area is attracting new businesses. For example, Potbelly Sandwich Shops has announced a franchise agreement to open four new locations in the area, and Chick-fil-A is set to open a new location in Flowood. This general commercial growth creates a more robust local economy and can lead to more business travel. Infrastructure and Community Projects: Airport Expansion: The Jackson-Medgar Wiley Evers International Airport (JAN) is expanding its flight schedule, with a 5% increase in flights and a new nonstop route to Nashville. Increased air travel indicates a more vibrant business and tourism market, which can translate to more hotel stays. Museum Trail: A multi-use trail is under construction, connecting the Mississippi Farmers Market to other destinations. These types of community projects improve the quality of life and can attract visitors and new residents to the area. Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

76

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Studio 7 Extended Stay - Jackson

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.1 AC

LAND SF

135,036 SF

ZONING

C-3

APN/PARCEL ID

0709-0004-002

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.