1808 Jackson AveOxford, MS 38655

Property Details for 1808 Jackson Ave

Year built

1996

Construction

TYPE NOT SPECIFIED

Lot size

1.30 AC

Property size (Sq ft)

20,443 SF

Property type

Hospitality properties

Property subtype

Motels

APN

139D-30-003.00

APU

139D3000300

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $3,345,611

  6.5%

  $3,088,256

  7%

  $2,867,666

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,579,630

  Geo Method

  $3,745,280

• Alternative Use

  Use

  Valuation

  Residential

  $3,371,479

  Hospitality

  $3,088,256

  Educational

  $2,569,393

  Medical

  $2,657,758

  Retail

  $3,996,834

Location Insight

City

Oxford

County

Lafayette

State

Mississippi

Latitude

34.3644

Longitude

-89.5546

CBSA code

37060

CBSA name

OXFORD, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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