2800 Greenway DrJackson, MS 39204

Property Details for 2800 Greenway Dr

Year built

1995

Lot size

0.46 AC

Property size (Sq ft)

19,072 SF

Property type

Hospitality properties

Property subtype

Motels

APN

0831 0032 000

APU

8310032000

Description

This 76-key Motel 6 in Jackson, Mississippi, presents a compelling investment opportunity. Built in 1995, this two-story hotel sits on a 0.46-acre lot at 2800 Greenway Dr, Jackson, MS 39204. Its strategic location offers easy access to Interstate I-20 and Highway 18, maximizing visibility and guest convenience. The property benefits from proximity to numerous attractions, including the Civil Rights Museum (9 miles), Sports Hall of Fame (12 miles), Museum of Natural Science (13 miles), Mississippi Coliseum (9 miles), Jackson Convention Complex, and Russell C. Davis Planetarium (8 miles). Other nearby points of interest include the Mississippi Veterans Memorial Stadium (12 miles), Mississippi Museum of Art (8 miles), Jackson Zoo (5 miles), Jackson Grove Park Golf Course (10 miles), Mississippi Children's Museum (13 miles), Battlefield Park (6 miles), Riverside Park (11 miles), and Jackson State University (6 miles). Jackson-Evers Airport is conveniently located just 16 miles away. The asking price for this established hospitality property is $2,800,000. This presents a strong potential for return on investment given its established brand recognition, convenient location, and proximity to major attractions and transportation routes. The property's strong location and established brand make it an attractive option for investors seeking a stable and potentially high-yielding asset in a growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $3,525,677

  6.5%

  $3,254,471

  7%

  $3,022,009

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,418,848

  Geo Method

  $8,742,433

• Alternative Use

  Use

  Valuation

  Residential

  $3,552,937

  Hospitality

  $3,254,471

  Educational

  $2,707,682

  Medical

  $2,800,803

  Retail

  $4,211,950

Location Insight

City

Jackson

County

Hinds

State

Mississippi

Latitude

32.2912

Longitude

-90.2664

CBSA code

27140

CBSA name

JACKSON, MS METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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