Hotel & Motel Property For Sale - Trace Inn

3400 West Main Street, Tupelo, MS, 38801

 
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Trace Inn

 

3400 West Main Street

Tupelo, Mississippi 38801
County: Lee
 
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  For Sale Active  
Property Use Type:Vacant/Owner-User
Type:Hotel & Motel
Economy/Limited Service
No. Rooms:60
Building Size:30,000 SF
Lot Size:3.89 Acres
Price:Price Not Disclosed
Date Last Verified:12/23/2008
Property ID:15936245
 
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 Additional Information 

Property Description:
Owner needing to sell quickly!!!!!!!!!. Please make an offer

This motel that was built in the Mid 70's and has been recently used for efficiency and one-bedroom apartments. All units are currenty vacant and awaiting a new owner to give some TLC to the property. There are 30 efficiency units and 30 one-bedroom units. Someone with vision could take advantage of the 70's style architecture and create a unique atmosphere.

Property is zoned correctly for motel use. C-2 Commercial zone. The property will have to be brought back to code with repairs before city will allow occupancy.

Please call or email for more information on the property. This property is being offered on an "as is"/"where is" basis, with no warranty implied or expressed. All information about the property is deemed to be correct, but cannot guarantee the accuracy of the information.

Location Description:
Great location and convenient to many parts of Tupelo. Close to the Tupelo Furniture Markets. Property has much potential. An increase in demand for efficiency and one-bedrooms is soon to be here due to the new Toyota Vehicle Assembly Plant located 15 minutes from this site. IV's Restaurant is located in front of the complex which offers a fabulous dining amenity to the property.

Commission Split:2.8%
  Financial Summary   
No Cash Flow Information Provided
 
  Room Mix Information
efficiency units
No. Rooms: 30
 
one bedroom units
No. Rooms: 30
 
 
  Debt & Equity Information
No Debt & Equity Information Provided
10/9/2008
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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified 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.
 
 

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