745 Washington Ave - Hospitality FOR SALE


Greenville, MS 38701
$680,000 USD
601-707-1300
745 Washington Ave, Greenville, MS for Sale
$680,000 USD
Hospitality - FOR SALE
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null | Request Cap Rate

745 Washington Ave
Greenville, MS 38701


HIGHLIGHTS

  • Renovated historic property in Greenville’s cultural core
  • Fifteen guest units with private baths and walk-in showers
  • Flexible first-floor spaces for events and dining operations
  • Steps from local arts, dining, and entertainment venues
  • Strong positioning for boutique hospitality or extended-stay use

OVERVIEW

Positioned in the heart of historic downtown Greenville, Mississippi, the Skylight Hotel represents a rare opportunity to acquire a fully renovated hospitality asset with enduring charm and modern functionality. This 15-unit property, originally constructed in 1900, has been thoughtfully updated to meet contemporary guest expectations while preserving its architectural character. Each guest room features a private bath with walk-in shower, creating an inviting environment for short-term stays or extended lodging. The property’s first floor enhances its versatility with two expansive spaces: one configured as a meeting hall and the other as a restaurant and bar complete with a full kitchen. These amenities provide immediate revenue potential and cater to both leisure and business travelers. Located steps from Greenville’s vibrant arts and cultural scene, the hotel benefits from proximity to local attractions such as the Greenville Arts Council and Mississippi Wildlife, Fisheries, and Parks Foundation. Dining, retail, and entertainment options are all within walking distance, reinforcing the property’s appeal to visitors seeking convenience and character. Greenville’s central location and strong community fabric make this an ideal investment for hospitality operators or investors seeking a boutique lodging experience in a growing market. With recent renovations, historic charm, and a strategic downtown address, the Skylight Hotel offers a compelling blend of heritage and profitability.

FOR SALE DETAILS

PRICE

$680,000 USD

PRICE/SF

$58 USD /SF

# OF ROOMS

15

PRICE/ROOM

$45,333 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Skylight

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1900

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,931 SF

ZONING

Commercial

APN/PARCEL ID

10402700000

ASK ABOUT THIS PROPERTY

Chad HirnThe Cress Group LLCMore Info
601-707-1300

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Chad HirnThe Cress Group LLCMore Info
601-707-1300

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