For Sale
$4,200,000

1808 Jackson AveOxford, MS 38655

Prime Oxford location, 25,000 SF, redevelopment potential

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.37-acre property, located at 1808 Jackson Ave W in Oxford, Mississippi, presents a compelling redevelopment opportunity. The existing two-story building, constructed in 1996 and renovated in 2023, encompasses approximately 25,000 square feet and features 51 rooms. Currently zoned Suburban Corridor (SCO), the property offers significant flexibility for various uses, including multifamily residential development. Its prime location, less than a mile from the University of Mississippi campus and 1.5 miles from the Historic Oxford Square, ensures high demand and strong rental potential. The property boasts 82 beds and 49 keys, with a total asking price of $4,200,000, translating to $168 per square foot and $85,714 per key. This represents a significant opportunity for investors seeking to capitalize on Oxford's vibrant growth and dynamic real estate market. The property's APN is 139D-30-003.00. The ownership structure is an LLC. This is a unique chance to acquire a substantial property in a thriving Mississippi community.

Highlights

  • $4,200,000 asking price for a 25,000 square foot hotel.
  • Prime Oxford, MS location, less than a mile from Ole Miss and 1.5 miles from the Historic Oxford Square.
  • Existing 25,000 SF building with 51 rooms, ideal for redevelopment into long-term housing.
  • 1.37-acre lot zoned Suburban Corridor (SCO), allowing for multiple uses, including multifamily.
  • Recently renovated in 2023.

Property Details for 1808 Jackson Ave

Property type
Hospitality properties, Hotels
Square Feet
25,000 SF
Year Built/Renovated
1996/2023
Buildings
1
Stories
2
Lot Size (sq. ft)
59,677 SF

Location Insight

City
Oxford
County
Lafayette
State
Mississippi
Latitude
34.3643682
Longitude
-89.5544708
1808 Jackson Ave, Oxford, Mississippi

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1808 Jackson Ave
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