Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    518 Bonita Lakes Dr Meridian, MS 39301

    Sponsored
    For Sale
    $2,600,000

    79-Key Hotel, Excellent ROI, MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents the Microtel Inn & Suites by Wyndham Meridian, a 79-key hotel ideally located at 518 Bonita Lakes Dr, Meridian, MS 39301. The property, built in 2001, sits on a 1.8-acre lot and boasts a substantial 35,789 square feet of gross building area, spread across three floors with approximately 11,930 square feet per floor. Offered at $2,600,000, this represents an attractive price per key of $32,911. The hotel's prime location within a thriving area of Meridian, Mississippi, benefits from a growing population and strong median household income, creating a robust market for hospitality businesses. The property's convenient access to local amenities and attractions further enhances its appeal to both business and leisure travelers. This represents a compelling opportunity for investors seeking a well-established hotel in a dynamic market. The property's size and established presence make it a strong contender for significant returns on investment. This is a turnkey operation ready for a new owner to capitalize on its existing success and potential for future growth. The property's solid construction and established brand recognition contribute to its overall value and potential for long-term profitability. This is a rare opportunity to acquire a well-positioned hotel in a desirable location.

    Property Features for 518 Bonita Lakes Dr

    General Information

    Property type
    Hotels
    Lot Size
    78,408 SF

    HighLights

    • $2,600,000 asking price.
    • 79‑key hotel in Meridian, Mississippi.
    • 1.8‑acre lot.
    • Located at 518 Bonita Lakes Dr, Meridian, MS 39301.
    Property Profile Location Intelligence

    Current Use by Public Records

    Microtel Inn & Suites ... Hotel MICO HOTEL Hotel

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Gym & Fitness Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Meridian
    County
    Lauderdale
    State
    Mississippi
    Longitude
    -88.671351
    Latitude
    32.3623178

    Nearby Similar for Sale

    • $1,500,000
      62.00 Acres

      Sprawling Fenced Estate in Meridian

      Luxurious estate with main residence, guest house, and amenities.
      1600 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • New
      $204,900
      2,530 SF

      Multi-Family Home in Meridian, MS

      Multi-family home with potential for improvement and value growth.
      2300 23Rd Ave, Meridian, MS 39301
      View Details
    • $2,250,000
      5,986 SF

      Established Retail Business For Sale

      Long-standing gun and outdoor retail business with real estate and inventory.
      3505 8Th Street Ext, Meridian, MS 39301
      View Details
    • $450,000
      1.03 Acres

      Prime Commercial Property on Highway

      High-visibility commercial property with flexible space and ample parking.
      5564 Ms-19, Meridian, MS 39307
      View Details
    • $123,000

      Meridian, MS Church For Sale

      Church in the Southeast area, potential for barndominium conversion.
      1792 Ms-496, Meridian, MS 39301
      View Details
    • $650,000
      4.00 Acres

      Meridian Commercial Property on Highway

      Commercial property with multiple buildings, office suites, and fenced yard.
      981 Highway 19 South, Meridian, MS 39301
      View Details
    • $35,000
      0.26 Acres

      Meridian Office Building For Sale

      Commercial building with multiple office areas and large backyard.
      4717 8Th Street Ext, Meridian, MS 39301
      View Details
    • $60,000
      4,000 SF

      Versatile Warehouse with Office/Showroom Space

      Metal warehouse with showroom/office, shop space, and roll-up door.
      3406 5Th St, Meridian, MS 39301
      View Details
    • $475,000

      Meridian Commercial Property For Sale

      Commercial property with ground floor retail and office space.
      1312 22Nd Avenue Hts, Meridian, MS 39301
      View Details
    • $1,329,000

      Meridian Commercial Property I-20/I-59 Frontage

      Prime commercial property with I-20/I-59 frontage in Meridian, MS.
      400 N Frontage Rd, Meridian, MS 39301
      View Details
    • $3,500,000
      94,067 SF

      Meridian Retail Shopping Center For Sale

      Multi-tenant retail facility in Meridian, MS, near Interstate 20.
      2106 N Frontage Rd, Meridian, MS 39301
      View Details
    • $1,925,926
      2,046 SF

      Pizza Hut NNN Investment

      NNN leased Pizza Hut in Meridian, Mississippi for sale.
      3320 N Hills St, Meridian, MS 39305
      View Details

    FAQs

    What type of property is this?
    Hotel - 79-Key Hotel, Excellent ROI, MS
    Where is this hotel located?
    The property is located at 518 Bonita Lakes Dr Meridian, MS.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price.; 79-key hotel in Meridian, Mississippi.; 1.8-acre lot.
    Request Owner's contact information
    518 Bonita Lakes Dr Meridian, MS 39301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    518 Bonita Lakes Dr
    Meridian, MS 39301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    518 Bonita Lakes Dr Meridian, MS 39301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.