6.1 Acres Available For Development | 1673 Cecil Shelton Dr
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6.1 Acres Available For Development 1673 Cecil Shelton Dr
50 Room Hotel Grenada, MS 38901 $3,355,000 ($67,100/Room)
Investment Highlights
- Large 6.1-Acre Parcel
- Located at High-Traffic Intersection
- Located Within Major Retail Trade Area
- Strong Employment Growth
Executive Summary
Northmarq is pleased to offer for sale an outstanding highway land-development opportunity in Grenada, Mississippi (the “Property”). The Property consists of a large 6.1-acre tract of land that benefits from direct visibility from Interstate 55 to the west. With the Property being zoned B-3 - Heavy Commercial, it lends itself to multiple potential uses, including a hotel and several commercial pad uses. The Property is located along Grenada’s primary retail corridor and across from Walmart and several other national-brand tenants.
Property Facts
| Price | $3,355,000 | Building Size | 21,947 SF |
| Price Per Room | $67,100 | No. Rooms | 50 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 2005 |
| Property Subtype | Hotel | Parking Ratio | 2.55/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 1.95 AC |
| Price | $3,355,000 |
| Price Per Room | $67,100 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.95 AC |
| Building Size | 21,947 SF |
| No. Rooms | 50 |
| No. Stories | 2 |
| Year Built | 2005 |
| Parking Ratio | 2.55/1,000 SF |
| Corridor | Exterior |
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 50 | $52.00 | - |
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PROPERTY TAXES
| Parcel Number | 091Z-12-143.01 | Improvements Assessment | $39,382 |
| Land Assessment | $9,975 | Total Assessment | $49,357 |
PROPERTY TAXES
Parcel Number
091Z-12-143.01
Land Assessment
$9,975
Improvements Assessment
$39,382
Total Assessment
$49,357
zoning
| Zoning Code | B2 |
| B2 |
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6.1 Acres Available For Development | 1673 Cecil Shelton Dr
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