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6.1 Acres Available For Development 1673 Cecil Shelton Dr

50 Room Hotel Grenada, MS 38901 $4,818,116 CAD ($96,362 CAD/Room)

Investment Highlights

  • Large 6.1-Acre Parcel
  • Located at High-Traffic Intersection
  • Located Within Major Retail Trade Area
  • Strong Employment Growth

Executive Summary

Northmarq is pleased to offer for sale an outstanding highway land-development opportunity in Grenada, Mississippi (the “Property”). The Property consists of a large 6.1-acre tract of land that benefits from direct visibility from Interstate 55 to the west. With the Property being zoned B-3 - Heavy Commercial, it lends itself to multiple potential uses, including a hotel and several commercial pad uses. The Property is located along Grenada’s primary retail corridor and across from Walmart and several other national-brand tenants.

Property Facts

Price $4,818,116 CAD
Price Per Room $96,362 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.95 AC
Building Size 21,947 SF
No. Rooms 50
No. Stories 2
Year Built 2005
Parking Ratio 2.55/1,000 SF
Corridor Exterior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 50 $74.68 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
091Z-12-143.01
Land Assessment
$14,367 CAD
Improvements Assessment
$56,723 CAD
Total Assessment
$71,090 CAD

zoning

Zoning Code B2
B2
  • Listing ID: 34256479

  • Date on Market: 2024-12-20

  • Last Updated:

  • Address: 1673 Cecil Shelton Dr, Grenada, MS 38901

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