1505 Adams St, Fulton, MS 38843-8442
- Motels
- 39,950 SF
- 2.12 lot acres
Current Use by Public Records
- Sands motel / Hotel & Motel
- Holiday Inn Express & Suites Fulton, an IHG Hotel / Hotel & Motel
Property Details for 1505 Adams St
- Year built
- 2010
- Lot size
- 2.12 lot acres
- Property type
- Motels
- APN
- 139-1131-004.00
- APU
- 139113100400
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 19, 2016 | — | Fulton Lodging LLC | — | Deed · related | $3.4M · Bna Bank |
| Apr 7, 2010 | — | City Of Fulton | Kismit LLC | Warranty Deed | — |
Description
This 72-key Holiday Inn Express & Suites in Fulton, Mississippi, presents a compelling investment opportunity. Boasting 39,950 square feet across four stories, this 2010-built hotel sits on a 2.12-acre lot directly off Interstate 22, offering convenient access and high visibility. Its strategic location between Memphis, Tennessee, and Birmingham, Alabama, ensures a consistent stream of travelers. The property includes desirable amenities such as an indoor swimming pool, fitness center, meeting room, and business center. Currently unencumbered by management, this presents a chance for hands-on operation and potential revenue growth. The asking price is $6,200,000, translating to $155.19 per square foot. A comprehensive improvement plan is scheduled under the "Formula Blue" initiative, further enhancing its value and appeal. The hotel's consistent year-over-year revenue stream makes it an attractive asset for investors seeking a well-positioned hospitality investment with significant upside potential. This is the newest hotel in its competitive set and is offered below replacement costs.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Fulton
- County
- Itawamba
- State
- Mississippi
- Longitude
- -88.4031
- Latitude
- 34.2503
- CBSA code
- 46180
- CBSA name
- TUPELO, MS MICROPOLITAN STATISTICAL AREA
