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Tenn Tom Inn 200 3rd Ave S

22 Room Hotel Amory, MS 38821 $435,000 ($19,773/Room)

Executive Summary

Rare opportunity to own a 25-unit motel, formerly known as the Tenn Tom, in downtown Amory! This building features 5 King Bed units, 12 Single Queen Bed units, 3 units with Double Full Sized Beds, 2 units with Double Queen Beds, as a total of 22 rent-able units. In addition to that, 3 units have been converted into an oversized apartment. Located in a prime area with over 24 years of successful business, the owners are ready to pass it down to the next investor! This is a great location and opportunity for your next business venture. All information is deemed reliable but not guaranteed and is subject to verification.

Property Facts

Price $435,000
Price Per Room $19,773
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.23 AC
Building Size 7,108 SF
No. Rooms 22
No. Stories 2
Year Built/Renovated 1960/2023
Parking Ratio 3.52/1,000 SF
Corridor Exterior
Opportunity Zone Yes

Amenities

  • High Speed Internet Access
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 22 $65.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
359K-36-006-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$27,497

zoning

Zoning Code B-2 (Commercial)
B-2 (Commercial)
  • Listing ID: 32158954

  • Date on Market: 6/17/2024

  • Last Updated:

  • Address: 200 3rd Ave S, Amory, MS 38821

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