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The Clarion & Summit Center
854 Gloster Street, Tupelo, MS 38804
Main Photo
$2,750,000
65
87,150 SF
$42,307.69
Hotel & Motel
Economy/ Limited Service
Investment
9%
$72
47%
4.10 AC
-
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Last Verified 4/25/2012
Listing ID 15775663
Description
The businesses know as the "Clarion Inn" ($2,750,000) and the "Summit Center" conference center ($700,000). The fee simple interest in a newly renovated 65-room (including 4 executive suites) boutique hotel, with a small restaurant (new in 2010) and Cocktail lounge (new in 2010) and the "Summit Center", the largest conference center in the City of Tupelo. The "Clarion Inn" and the adjacent "Summit Center" conference facility are being offered for sale as a single real estate component, but may be purchased separately.
The hotel is located on 4.104 (+/-) acres or approximately 178,770 (+/-) square feet. The property is easily accessible from the Property' s main entrance along North Gloster Street and is visible from Business US -78.
Actual
$225,000
Map of 854 Gloster Street, Tupelo, MS 38804 (Lee County)
Created 6/25/2008
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Additional Information for 854 N Gloster Street, Tupelo, MS 38804
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The information above has
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it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P