2015 Military Rd - Hospitality FOR SALE


Columbus, MS 39701
$2,400,000 USD
901-674-6105
2015 Military Rd, Columbus, MS for Sale
$2,400,000 USD
Hospitality - FOR SALE
1/24
null | 11.9% Cap Rate

2015 Military Rd
Columbus, MS 39701


OVERVIEW

• 60 Guestrooms across a two-story, exterior corridor structure. • Demonstrates significant growth, with promising forecasts indicating room for substantial improvement in ADR and RevPAR. • This hotel is poised to capitalize on its proximity to major economic catalysts, including the Airbus assembly line and the upcoming Aluminum Dynamics mill, both of which are set to significantly increase local business travel and drive demand for accommodations. • Strategically located near Interstate 82, Highway 12, and Highway 50 (Combined daily traffic of ~32,000), the property offers excellent access for transient and business travelers. • Nearby Golden Triangle Regional Airport: Only 23 minutes away, providing easy access for air travelers and serving as a logistical advantage. • Opportunity to enhance profitability through improved operational efficiencies and guest satisfaction, without substantial capital expenditure. • Offered at a competitive price per key of approx. $43,000, providing a cost-effective entry into a growing hospitality market of Columbus, MS.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$101 USD /SF

# OF ROOMS

60

PRICE/ROOM

$40,000 {currency}

CAP RATE

11.9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Columbus

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1992

PARKING SPACES

67

LAND DETAILS

LAND ACRES

1.56 AC

LAND SF

67,957 SF

ZONING

C

APN/PARCEL ID

56W14-01-01301

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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