1532 Mccullough BlvdTupelo, MS 38804

Property Details for 1532 Mccullough Blvd

Year built

1997

Lot size

2.10 AC

Property size (Sq ft)

18,139 SF

Property type

Hospitality properties

Property subtype

Motels

APN

089A-30-032-00

APU

089A3003200

Description

This exceptional 58-room Comfort Inn in Tupelo, Mississippi presents a compelling institutional investment opportunity. Built in 1996, this two-story, 32,558 square foot hotel sits on a 2.1-acre lot, conveniently located near Interstates 22 and major roadways, offering easy access to northern Mississippi. The property boasts a strong historical and projected NOI, with a T12 (June 2022) NOI of $1,465,103. Projected revenues show consistent growth over the next five years, reaching $1,716,680 by year five. The hotel's prime location places it within 10 minutes of Tupelo's top attractions, including the Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace. Guest amenities include a fitness center, business center, outdoor pool, breakfast lounge, and complimentary Wi-Fi. This well-established hotel benefits from its proximity to major transportation routes and its position as a regional hub, attracting significant daily traffic. The property's strong performance history and projected growth make it an attractive investment for discerning buyers seeking a stable and profitable hospitality asset in a thriving Mississippi market. The hotel's historical revenue data shows a strong upward trend, with figures for 2019, 2020, and 2021 provided, demonstrating resilience and growth potential. This turnkey operation is ready for immediate income generation.

• CAP approach

  CAP return

  Valuation

  6%

  $3,257,916

  6.5%

  $3,007,308

  7%

  $2,792,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,102,701

  Geo Method

  $8,314,754

• Alternative Use

  Use

  Valuation

  Residential

  $3,283,106

  Hospitality

  $3,007,308

  Educational

  $2,502,044

  Medical

  $2,588,094

  Retail

  $3,892,069

Location Insight

City

Tupelo

County

Lee

State

Mississippi

Latitude

34.2761

Longitude

-88.7195

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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