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Boutique Hotel with Penthouse
For Sale
$699,000

113 N Main St, Ripley, MS 38663

COMMERCIAL - Ripley, MS

Property Size5,000 SF
Price / SF$139.80
Days on Market144

Property Features for 113 N Main St

General Information

Property type Commercial Sale
Property subtype Other
Directions Take I22 west towards Memphis. Take exit 64 and stay right on Hwy. 15. Follow MS-15 N/N State Hwy.15 to N. Main Street.
Subdivision Tippah
Standard status Active
Size 5,000 SF

Taxes and HOA fees

Tax Description Book 231 Page 185
Tax Annual Amount 3647
Legal Description Book 231 Page 185

Amenities

balcony

Building Details

Floors in Building 2
Listing Agency: TM REALTORS
Listed By: Chanda Cossitt · License #S-42740
Added: Mar 17 Changed: Aug 4 Last Checked: Aug 7 at 9:06AM
MLS# 26-904

Copyright © 2026 Northeast Mississippi Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This boutique hotel property includes three hotel rooms on the ground floor. The second floor features a penthouse with two bedrooms and 2.5 baths, along with a kitchen, den, and a balcony overlooking the square.

The property is located at 113 N Main St in Ripley, Mississippi, in Tippah County. All information is subject to verification by the buyer.

Offered for sale, the configuration combines standard guest rooms with a private penthouse layout, providing a straightforward hospitality setup within the existing building improvements.

Key Highlights

  • Boutique hotel with 3 hotel rooms on the ground floor
  • Second floor features a penthouse with 2 bedrooms and 2.5 baths
  • Penthouse includes a kitchen and den

Property Analytics

Current Use

Hotels

Suggested Use

Top Pick Real Estate Agency HVAC Service Electrical Service Bakery Locksmith Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

169
Businesses Nearby

Demographics for 38663, MS

11,561
Population
5,665
Households
2
Avg Household Size
41
Median Age
20%
College-Educated
82%
High-School Grad
189.2 sq mi
ZIP Area
61
Density / Sq Mi
$52,298
Median Household Income
$35,950
Median Earnings
$685
Median Rent
$137,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Hotel - Boutique hotel with three ground-floor rooms and a second-floor penthouse featuring two bedrooms, 2.5 baths, and a balcony.
Where is this hotel located?
The property is located at 113 N Main St Ripley, MS.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Boutique hotel with 3 hotel rooms on the ground floor; Second floor features a penthouse with 2 bedrooms and 2.5 baths; Penthouse includes a kitchen and den
More about this property
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