Property profile

1700 Main St Tupelo, MS 38804

OFF-MARKET
Motels
Property ID
US50-0947309
4,130 SF 0.58 ac lot Built 1950
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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 profile

Verified
Property type Motels
Use group MOTEL
Year built 1950
Total area 4,130 SF
Lot 0.58 ac (25,400 SF)
APN 088P-33-013-00
UPID US50-0947309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1700 Main St Tupelo, MS 38804-2933
Tupelo metro Census 950700 TUPELO, MS MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$150k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2024
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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