572 Beasley RdJackson, MS 39206

Property Details for 572 Beasley Rd

Year built

1999

Lot size

2.07 AC

Property size (Sq ft)

24,890 SF

Property type

Hospitality properties

Property subtype

Hotels

APN

0709 0361 008

APU

7090361008

Description

This 94-key hotel in Jackson, Mississippi, presents a compelling investment opportunity. Located at 572 Beasley Rd, Jackson, MS 39206, this three-story, 1999-built property boasts an ideal location right off Interstate I-55, providing convenient access to major highways and the city center. The hotel features 94 rooms, including a mix of 72 one-bedroom and 22 two-bedroom studio units, all equipped with kitchenettes. Recent renovations and a completed seller-performed property improvement plan (PIP) ensure a turnkey operation. The property's strong performance is further enhanced by its proximity to numerous demand generators, including Jackson-Evers International Airport (13 miles), Jackson State University (9.2 miles), major medical facilities like St. Dominic Hospital and the University of Mississippi Medical Center, and various cultural attractions such as the Mississippi Civil Rights Museum and the Mississippi Museum of Art. The hotel's location also offers easy access to business and convention centers, including the Jackson Convention Complex. The property's interior corridor design and its strategic location near educational institutions, recreational areas like LeFleur's Bluff State Park, and major employers like Nissan North America, contribute to its high occupancy potential. Furthermore, the property offers a potential for conversion into apartments, adding to its long-term investment value. Bank financing is available. Asking price is $4,500,000.

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.386

Longitude

-90.1504

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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