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    1700 Main St Tupelo, MS 38804

    For Sale
    $400,000

    Boutique Hotel, 9 Rooms, Prime Location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This exceptional commercial property, located at 1700 E Main St., Tupelo, MS, presents a unique investment opportunity. Situated just 1.5 miles from Tupelo's vibrant downtown area and conveniently close to the renowned Elvis Presley Birthplace (0.8 miles), this property boasts a prime location with high visibility and accessibility. The existing structure includes nine well-appointed hotel rooms, perfect for a boutique hotel operation, along with a spacious owner's suite offering comfortable living quarters. Ample parking is available on-site, catering to guests and staff alike. The property also features significant land, providing ample room for future expansion and creative development opportunities. This presents a rare chance to acquire a well-established property in a thriving location with potential for significant growth. The asking price is $400,000. A preapproval letter is required for showings. All information is subject to verification. This is an amazing opportunity to own a piece of Tupelo's rich history and vibrant future. The property is classified as General Commercial. The lot size is zero acres. The square footage is not specified.

    Property Features for 1700 Main St

    General Information

    Property type
    Other commercial real estate
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Seventy Eight Motel Motel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.66809
    Latitude
    34.25737

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    FAQs

    What type of property is this?
    Commercial real estate - Boutique Hotel, 9 Rooms, Prime Location
    Where is this commercial real estate located?
    The property is located at 1700 Main St Tupelo, MS.
    What is the asking price?
    The asking price for this property is $400,000.
    (662) 842-3844
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    1700 Main St Tupelo, MS 38804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Main St Tupelo, MS 38804
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