6.1 Acres Available For Development | 1673 Cecil Shelton Dr
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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 | Building Size | 21,947 SF |
Price Per Room | $96,362 CAD | No. Rooms | 50 |
Sale Type | Investment | No. Stories | 2 |
Property Type | Hospitality | Year Built | 2005 |
Property Subtype | Hotel | Parking Ratio | 2.55/1,000 SF |
Building Class | C | Corridor | Exterior |
Lot Size | 1.95 AC |
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 | - |
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PROPERTY TAXES
Parcel Number | 091Z-12-143.01 | Improvements Assessment | $56,723 CAD |
Land Assessment | $14,367 CAD | Total Assessment | $71,090 CAD |
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 |
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6.1 Acres Available For Development | 1673 Cecil Shelton Dr
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