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Southern Inn 404 Frontage Dr E 24 Room Hotel Wiggins, MS 39577 $990,000 ($41,250/Room)
INVESTMENT HIGHLIGHTS
- Income Producing- great position in Wiggins- high traffic counts- signage in place
EXECUTIVE SUMMARY
Income Producing Investment Opportunity. Currently Southern Inn Motel has 25 units that rent out for one bed $60.00/night and for two beds $70.00/night. Included in the sale is 3 suites at approx. 1,160 sf and leases out for 1750.00 per month or $100.00/night. Main hotel and office boast 8,874 sf, 3 suites building boast 3500 sf. Currently offering long term, weekly and nightly stays. Built in 1970. On 5.27 ac of land. Traffic on Hwy 49 is 15.000-17,000 cars daily per MDOT.
PROPERTY FACTS
| Price | $990,000 | Building Size | 12,374 SF |
| Price Per Room | $41,250 | No. Rooms | 24 |
| Sale Type | Investment | No. Stories | 1 |
| Property Type | Hospitality | Year Built | 1970 |
| Property Subtype | Hotel | Parking Ratio | 2.34/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 5.27 AC | ||
| Zoning | CD - Commercial District | ||
| Price | $990,000 |
| Price Per Room | $41,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 5.27 AC |
| Building Size | 12,374 SF |
| No. Rooms | 24 |
| No. Stories | 1 |
| Year Built | 1970 |
| Parking Ratio | 2.34/1,000 SF |
| Corridor | Exterior |
| Zoning | CD - Commercial District |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 24 | $49.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 106-23-038.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $71,246 |
PROPERTY TAXES
Parcel Number
106-23-038.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$71,246
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Southern Inn | 404 Frontage Dr E
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