810 Adcock St - Hospitality FOR SALE


Ridgeland, MS 39157- Outer Ridgeland/Madison
$700,000 USD
228-697-5680
810 Adcock St, Ridgeland, MS for Sale
$700,000 USD
Hospitality - FOR SALE
1/3
null | Request Cap Rate

810 Adcock St
Ridgeland, MS 39157
Outer Ridgeland/Madison


HIGHLIGHTS

  • I-55 visibility

OVERVIEW

FORECLOSURE AUCTION - RED ROOF INN JACKSON NORTH - CIVIL ACTION NO. 3:25-cv-801-HTW-MTP 810 ADCOCK STREET, RIDGELAND, MS 39157. AUCTION DATE: POSTPONED SALE LOCATION: POSTPONED(dates and sale location subject to change) 103-room economy hotel operating under the Red Roof Inn brand, located directly off Interstate 55 at Exit 103 in Ridgeland, Mississippi at Foreclosure auction. The property sits on approximately 2.51 acres with an estimated 31,738 SF buildings. Situated 8 miles north of downtown Jackson in Madison County, the property benefits from proximity to Northpark Mall, the Amazon AWS Data Center, Tougaloo College, and the Jackson metro healthcare corridor. Abbreviated Terms (Please see full terms): Sold AS-IS. Deposit due by winning bidder at the auction. Closing timeline per terms of sale (Not subject to financing). PROPERTY INFO-BUILDING SIZE (RSF): Approximately 31,738 SF. TOTAL ROOMS: 103 (Exterior Corridor) PROPERTY USE TYPE: Investment, Hotel/Motel, HospitalityPARKING SPACES: 121 PROPERTY INFO-TOTAL ACREAGE: +/- 2.51 AC. PARCEL NUMBER: 71G-36D-025/02.00 FLOOD ZONE: Zone X. NUMBER OF BUILDINGS: 2. ZONING: C-2 General CommercialCOUNTY: Madison CITY: RidgelandSTATE: Mississippi BUILDING INFORMATION-DATE OPENED: 1985ACCESS: Exterior Corridor PARKING: Free Self-Parking, On-Site BUILDING SIZE (RSF): Approximately 31,738 SF TOTAL ROOMS: 103 (Exterior Corridor) ROOM BREAKDOWN: (54) Standard (46) King (3) Other PROPERTY USE TYPE: Investment, Hotel/Motel, Hospitality LOCATION HIGHLIGHTS-I-55 Interchange (Exit 103): Directly adjacent Downtown Jackson: 8-10 mi / 15-25 min Jackson-Evers Intl Airport (JAN): 7.5 mi / 15-30 min Northpark Mall: ~1 mile east Renaissance at Colony Park: ~1.5 miles north. Tougaloo College: 1 mile Amazon AWS Data Center: Ridgeland area. Trustmark Park (Minor League): Walking distance St. Jude Medical Center: 2.58 miles Baptist Medical Center: 6 miles KEY DEMAND DRIVERS-I-55 Corridor - Major north-south interstate connecting Jackson to Memphis. Jackson MSA - 539,057 metro population IMPORTANT NOTICE: The Chancery Court of Madison County closed the hotel in 2025 due to reported elevated levels of police activity at the property. City ordinances now require that hotel guestrooms not be accessible from exterior doors and that hotels meet Type 2B Construction per the current Building Code. The property features exterior corridor access, which represents an opportunity for conversion or redevelopment. The city has declined to confirm whether or how any nonconforming structures can be brought into compliance at this time. Buyers are encouraged to independently verify all information regarding property conditions, zoning requirements, and regulatory compliance. LISTING PRICE IS FOR LOOPNET PURPOSES ONLY, ACTUAL SALES PRICE TO BE DETERMINED AT AUCTION.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$21 USD /SF

# OF ROOMS

103

PRICE/ROOM

$6,796 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Jackson North - Ridgeland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

116

LAND DETAILS

LAND ACRES

2.46 AC

LAND SF

107,158 SF

ZONING

C-4

APN/PARCEL ID

071G-36D-025-02-00

ASK ABOUT THIS PROPERTY

John MozingoMozingo Real Estate & Auction, Inc.More Info
228-697-5680

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John MozingoMozingo Real Estate & Auction, Inc.More Info
228-697-5680

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