337 Devereux Dr Natchez, MS 39120

Property Details for 337 Devereux Dr

Year built

1994

Lot size

2.43 lot acres

Property type

Hospitality properties

Property subtype

Motels

Description

This exceptional 50-key hotel, currently undergoing a rebranding to Motel 6, presents a lucrative investment opportunity in historic Natchez, Mississippi. Situated on a 2.43-acre lot at 337 Devereux Dr, Natchez, MS 39120, this property boasts two two-story buildings, constructed in 1994 and extensively renovated in 2023. The renovation included new luxury vinyl plank (LVP) flooring, fresh interior and exterior paint, updated lighting, and new furniture, fixtures, and equipment (FFE), along with replacement water heaters. The exterior corridor design offers convenient access to all 50 rooms. A significant asset is the inclusion of a separate four-bedroom home, ideal for owner/manager occupancy. This home also received recent updates, including new paint, LVP flooring, and kitchen cabinets. The property features a well-maintained metal and shingle roof. The hotel enjoys a prime location off Highway 61, offering easy access to downtown Natchez (2.5 miles), the Mississippi Riverwalk (2.5 miles), and the Natchez-Adams County Airport (8 miles). The property is zoned B4 and its APN is 003500010003. A few minor items remain to be completed to fully meet Motel 6 brand standards. The seller is offering a lease option to purchase, making this an attractive proposition for both experienced and aspiring hospitality entrepreneurs. Natchez's rich culture, heritage, and proximity to regional attractions, including the Mississippi River and various recreational activities, ensure a strong potential for occupancy and revenue generation. This is a turnkey opportunity to own and operate a thriving business in a desirable location.

Location Insight

City

Natchez

County

Adams

State

Mississippi

Longitude

-91.3646

Latitude

31.5614