For Sale
$2,200,000

337 Devereux Dr Natchez, MS 39120

50-Room Hotel, Lease Option Available

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 50-key hotel, currently undergoing a rebranding to Motel 6, presents a lucrative investment opportunity in historic Natchez, Mississippi. Situated on a 2.43-acre lot at 337 Devereux Dr, Natchez, MS 39120, this property boasts two two-story buildings, constructed in 1994 and extensively renovated in 2023. The renovation included new luxury vinyl plank (LVP) flooring, fresh interior and exterior paint, updated lighting, and new furniture, fixtures, and equipment (FFE), along with replacement water heaters. The exterior corridor design offers convenient access to all 50 rooms. A significant asset is the inclusion of a separate four-bedroom home, ideal for owner/manager occupancy. This home also received recent updates, including new paint, LVP flooring, and kitchen cabinets. The property features a well-maintained metal and shingle roof. The hotel enjoys a prime location off Highway 61, offering easy access to downtown Natchez (2.5 miles), the Mississippi Riverwalk (2.5 miles), and the Natchez-Adams County Airport (8 miles). The property is zoned B4 and its APN is 003500010003. A few minor items remain to be completed to fully meet Motel 6 brand standards. The seller is offering a lease option to purchase, making this an attractive proposition for both experienced and aspiring hospitality entrepreneurs. Natchez's rich culture, heritage, and proximity to regional attractions, including the Mississippi River and various recreational activities, ensure a strong potential for occupancy and revenue generation. This is a turnkey opportunity to own and operate a thriving business in a desirable location.

Highlights

  • 50 guest rooms
  • On-site 4-bedroom owner/manager residence
  • Exterior corridors
  • Two-story building
  • Metal and shingle roof
  • Convenient Hwy 61 access

Property Details for 337 Devereux Dr

Property type
Hospitality properties, Motels
Year Built/Renovated
1994/2023
Buildings
2
Stories
2
Lot Size (sq. ft)
105,851 SF

Location Insight

City
Natchez
County
Adams
State
Mississippi
Latitude
31.5613707
Longitude
-91.3645955

FAQs

What type of property is this?
Hospitality property - 50-Room Hotel, Lease Option Available
Where is the hospitality property located?
The property is located at 337 Devereux Dr Natchez, MS.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 50 guest rooms; On-site 4-bedroom owner/manager residence; Exterior corridors
How can I contact the broker?
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337 Devereux Dr
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