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

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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