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    979 Gloster St Tupelo, MS 38804

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    For Sale
    Contact for pricing

    79-Room Hotel, Prime Location

    Property size:
    41,996 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 79-key hospitality investment presents a unique opportunity. The four-story, 41,996 square foot Candlewood Suites hotel, built in 2013, sits on a 1.58-acre lot in Tupelo, Mississippi. Strategically located at the intersection of Gloster Street and McCullough Boulevard, this property enjoys high visibility and easy access. The hotel boasts a range of amenities designed for guest comfort and convenience, including a fitness center, guest laundry services, and fully equipped kitchens in each room. Additional features include an indoor pool, business center, outdoor gazebo with grill area. Its proximity to Tupelo's key attractions—Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace—further enhances its appeal. The hotel's location in Northeast Mississippi, a region known as the Hils, places it within convenient driving distance of major cities like Memphis, Tennessee (90 miles) and Birmingham, Alabama (135 miles), serving as a regional hub. This institutional-grade investment offers significant potential for growth and return. The property's strong location and comprehensive amenities make it an attractive option for investors seeking a well-established hospitality asset in a thriving market. The single building structure simplifies management and maintenance.

    Property Features for 979 Gloster St

    General Information

    Property type
    Casinos
    Square Feet
    41,996 SF
    Lot Size
    68,825 SF

    Building Details

    Year Built
    2013
    Buildings
    1
    Stories
    4

    HighLights

    • 79‑room, four‑story hotel on 1.58 acres.
    • Prime location at Gloster Street and McCullough Boulevard intersection.
    • Close proximity to Tupelo's major attractions, including Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace.
    • Features a restaurant, indoor pool, business center, fitness center, full kitchens, laundry facilities, and an outdoor gazebo with grill.
    Property Profile Location Intelligence

    Current Use by Public Records

    Candlewood Suites Tupelo ... Hotel Grata Grille & Bar Bar & Grill

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Tupelo
    County
    Lee
    State
    Mississippi
    Longitude
    -88.7166892
    Latitude
    34.2711538

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    FAQs

    What type of property is this?
    Casino - 79-Room Hotel, Prime Location
    Where is this casino located?
    The property is located at 979 Gloster St Tupelo, MS.
    What are key features of this property?
    This property features: 79-room, four-story hotel on 1.58 acres.; Prime location at Gloster Street and McCullough Boulevard intersection.; Close proximity to Tupelo's major attractions, including Tupelo Buffalo Park & Zoo, Tupelo National Battlefield, BancorpSouth Arena, and Elvis Presley's birthplace.
    Request Owner's contact information
    979 Gloster St Tupelo, MS 38804
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    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
    979 Gloster St Tupelo, MS 38804
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