979 Gloster StTupelo, MS 38804

Property Details for 979 Gloster St

Year built

2013

Property size (Sq ft)

11,618 SF

Property type

Hospitality properties

Property subtype

Motels

APN

089A-30-117-00

APU

089A3011700

Description

This exceptional 79-key hospitality investment presents a unique opportunity. The four-story, 41,996 square foot Candlewood Suites hotel, built in 2013, sits on a 1.58-acre lot in Tupelo, Mississippi. Strategically located at the intersection of Gloster Street and McCullough Boulevard, this property enjoys high visibility and easy access. The hotel boasts a range of amenities designed for guest comfort and convenience, including a fitness center, guest laundry services, and fully equipped kitchens in each room. Additional features include an indoor pool, business center, outdoor gazebo with grill area. Its proximity to Tupelo's key attractions—Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace—further enhances its appeal. The hotel's location in Northeast Mississippi, a region known as the Hils, places it within convenient driving distance of major cities like Memphis, Tennessee (90 miles) and Birmingham, Alabama (135 miles), serving as a regional hub. This institutional-grade investment offers significant potential for growth and return. The property's strong location and comprehensive amenities make it an attractive option for investors seeking a well-established hospitality asset in a thriving market. The single building structure simplifies management and maintenance.

• CAP approach

  CAP return

  Valuation

  6%

  $2,086,696

  6.5%

  $1,926,180

  7%

  $1,788,596

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,987,271

  Geo Method

  $5,325,586

• Alternative Use

  Use

  Valuation

  Residential

  $2,102,830

  Hospitality

  $1,926,180

  Educational

  $1,602,560

  Medical

  $1,657,674

  Retail

  $2,492,870

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2719

Longitude

-88.7168

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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