115 S Main St - Hospitality FOR SALE


Yazoo City, MS 39194
$500,000 USD
601-981-6800
115 S Main St, Yazoo City, MS for Sale
$500,000 USD
Hospitality - FOR SALE
1/6
null | Request Cap Rate

115 S Main St
Yazoo City, MS 39194


HIGHLIGHTS

  • 25,000 SF
  • Former Historic Lamar Hotel
  • Prime Downtown Location
  • Ideal for Redevelopment - hotel, office, or multifamily conversion

OVERVIEW

NAI UCR Properties is proud to present 115-125 S. Main Street, Yazoo City, MS for Sale. Located in the heart of the Yazoo City Town Center District, the historic former hotel presents a prime redevelopment opportunity. This 25,000 SF building offers exceptional potential for conversion into a boutique hotel, office space, or multifamily residences. The first-floor spans 10,000 SF, ideal for retail, restaurant, or lobby space, while the upper floors, each 5,000 SF, provide ample room for residential or office use. 25% State Historic Rehabilitation Tax Credit Eligible 20% Federal Historic Rehabilitation Tax Credit Eligible 9% Low Income Housing Tax Credit Eligible Additional MDAH Grants could be applied for With its central location in downtown Yazoo City, the property benefits from high visibility, walkability, and proximity to local businesses, government offices, and cultural attractions. Whether restoring its legacy as a hotel or reimagining it for modern commercial or residential use, this historic gem is a rare investment opportunity in a growing market. Situated in the Yazoo City Town Center District, the property offers a prime downtown location with excellent visibility and accessibility. Surrounded by local businesses, government offices, and cultural landmarks, the property is within walking distance of shopping, dining, and community attractions, making it an ideal site for redevelopment.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$25 USD /SF

# OF ROOMS

20

PRICE/ROOM

$25,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel Lamar

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,923 SF

ZONING

-

APN/PARCEL ID

3-278M-33-308.00,3-278M-33-309.00

ASK ABOUT THIS PROPERTY

Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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Micah McCulloughNAI UCR PropertiesMore Info
601-981-6800

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