1505 Adams StFulton, MS 38843

Property Details for 1505 Adams St

Year built

2010

Lot size

2.12 AC

Property size (Sq ft)

39,950 SF

Property type

Motels

APN

139-1131-004.00

APU

139113100400

Description

This 72-key Holiday Inn Express & Suites in Fulton, Mississippi, presents a compelling investment opportunity. Boasting 39,950 square feet across four stories, this 2010-built hotel sits on a 2.12-acre lot directly off Interstate 22, offering convenient access and high visibility. Its strategic location between Memphis, Tennessee, and Birmingham, Alabama, ensures a consistent stream of travelers. The property includes desirable amenities such as an indoor swimming pool, fitness center, meeting room, and business center. Currently unencumbered by management, this presents a chance for hands-on operation and potential revenue growth. The asking price is $6,200,000, translating to $155.19 per square foot. A comprehensive improvement plan is scheduled under the "Formula Blue" initiative, further enhancing its value and appeal. The hotel's consistent year-over-year revenue stream makes it an attractive asset for investors seeking a well-positioned hospitality investment with significant upside potential. This is the newest hotel in its competitive set and is offered below replacement costs.

Location Insight

City

Fulton

County

Itawamba

State

Mississippi

Latitude

34.2503

Longitude

-88.4031

CBSA code

46180

CBSA name

TUPELO, MS MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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