1700 Main St Tupelo, MS 38804-2933
This exceptional commercial property, located at 1700 E Main St., Tupelo, MS, presents a unique investment opportunity. Situated just 1.5 miles from Tupelo's vibrant downtown area and conveniently close to the renowned Elvis Presley Birthplace (0.8 miles), this property boasts a prime location with high visibility and accessibility. The existing structure includes nine well-appointed hotel rooms, perfect for a boutique hotel operation, along with a spacious owner's suite offering comfortable living quarters. Ample parking is available on-site, catering to guests and staff alike. The property also features significant land, providing ample room for future expansion and creative development opportunities. This presents a rare chance to acquire a well-established property in a thriving location with potential for significant growth. The asking price is $400,000. A preapproval letter is required for showings. All information is subject to verification. This is an amazing opportunity to own a piece of Tupelo's rich history and vibrant future. The property is classified as General Commercial. The lot size is zero acres. The square footage is not specified.
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Seventy Eight Motel Hotel & Motel
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.