905 N State St
Jackson, MS 39202
Extended Stay Hotel Admiral Retirement Center · Multifamily Property For Sale · 120 Units

Exceptional Opportunity.The Admiral Retirement Center is a independent living center in the heart of Jackson's hospital district and located in the community of Bellhaven. The property features 120 rooms---68 single, 26 double, and 26 king, along with 4 offices, sitting room, kitchen with cooler and stock area, cafeteria, beauty shop, laundry facilities, and ample space for equiptment and storage. Zoned CMU-1, mixed use, this property could be redesigned to accomodate doctors, corporate lodging,students, and patients at the 4 nearby hospitals and University of Mississippi Medical School. Property could be repurposed into a fully assisted living center with moderate modifications. Located on the west side of North State Street, .1 miles south of the intersection with Fortification Street. Three buildings. BUILDING A. Three floors. FIRST FLOOR common area has porte-cochere & office, dining room, kitchen, sitting area, meeting room, three restrooms, laundry room, barber shop, beauty salon, activity room, & work shop. Renovated about five years ago. Central HVAC about ten years old. SECOND & THIRD FLOORS. 64 guest rooms. 36 single rooms (20' x 13.5'). 34 completely renovated about five years ago. Have individual HVAC units. 28 double rooms (30' x 13.5'). 23 completely renovated with five-year old HVAC units. BUILDING B. Three floors. FIRST FLOOR. A parking garage with 6'4" ceiling height. 24 regular parking spaces & 6 handicap spaces. SECOND & THIRD FLOORS. 56 guest rooms. 32 single rooms (20' x 13.5'). None renovated. 24 double rooms (30' x 13.5'), one renovated for use as an exercise room. A beautiful Atrium connectsBuildings A & B Buildings A & B are serviced by one elevator that is about five years old. BUILDING C. MECHANICAL Building with central HVAC system, gas hot water heaters. ALL buildings have new roofs with 20-year warranty, replaced in October 2013 LOCATION: On a primary traffic artery that runs north from downtown Jackson, past County Line Road. Near intersection of N. State & Fortification Streets. One mile west of Interstate-55. One block from the Baptist Hospital and about one mile from the University of MS Medical Center.High Demand Location. Absentee Owner. No. Rooms :120 Building Size:70,000 SF Lot Size:1.90 AC Property Type:Hotel & Motel Property Sub-type:Economy/Limited Service Additional Sub-types:Assisted Living Residences 2 Stories Lot Size:86,500 SF