31201 Highway 12 - Hospitality FOR SALE


Durant, MS 39063
$1,450,000 USD
601-575-1612
31201 Highway 12, Durant, MS for Sale
$1,450,000 USD
Hospitality - FOR SALE
1/38
null | Request Cap Rate

31201 Highway 12
Durant, MS 39063


OVERVIEW

Welcome to the Oak Tree Inn in Holmes County, MS! Situated just off Interstate 55 at Exit 156, this 40-room hotel presents an excellent opportunity for investors or business owners looking to expand their commercial property holdings. Built around the year 2000, the Oak Tree Inn offers both convenience and potential in one of central Mississippi's most accessible locations. Strategically located between Canton to the south and Grenada to the north, both areas experiencing significant commercial development, this 4± acre property is positioned to benefit from increasing traffic along the I-55 corridor. Boasting frontage along Highway 12 and Interstate 55, the Oak Tree Inn serves as a natural stop for travelers, truckers, and visitors heading to or from key destinations across the state. In addition to the hotel, there is the option to purchase up to 73± additional acres of commercially zoned land surrounding the property. This land offers endless possibilities whether for new development, such as retail centers, restaurants, storage facilities, or truck stops, or for resale as smaller commercial parcels. The flexibility and prime location of this acreage make it a compelling addition for developers and investors alike. The Oak Tree Inn is ideal for those seeking to revitalize and operate a hospitality business in a growing area or for those interested in repurposing the space for another commercial use. The building's size and visibility from the interstate make it a versatile asset. Whether you're expanding your existing hospitality business or exploring new ventures, this property provides the foundation to build upon. With consistent traffic flow, solid occupancy rates, and an established structure in place, the Oak Tree Inn is a rare find at a strategic intersection of opportunity.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$64 USD /SF

# OF ROOMS

40

PRICE/ROOM

$36,250 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Tree Inn Durant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

45

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

C-3

APN/PARCEL ID

027-33-00700

ASK ABOUT THIS PROPERTY

Trevor WilliamsInsight Group LLCMore Info
601-575-1612

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Trevor WilliamsInsight Group LLCMore Info
601-575-1612

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