Property profile

221 W Main St Tishomingo, OK 73460

FOR SALE
Bed & breakfasts
Property ID
US69-2092027
4,800 SF
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This iconic 8,000 sq ft commercial property, situated on a 0.16-acre lot in downtown Tishomingo, OK, is a remarkable investment opportunity. Originally built in the early 1900s, the Mulberry Inn and Lounge boasts a rich history, having hosted renowned musicians and artists, including contributions from Chickasaw Natives. The property features a full lounge and bar with ample seating and entertainment options, enhanced by tech-enabled services. Seven uniquely designed guest rooms cater to diverse preferences, complemented by both private and public bathrooms. Upstairs, a charming bar area, two large living rooms, a dining hall, and a fully equipped kitchen provide additional space. A 400 sq ft balcony offers stunning downtown views, perfect for gatherings. A welcoming lobby, coffee bar, and office space enhance functionality. The building includes a sprinkler system, sound system, and security system for added safety and peace of mind. This property presents a unique blend of historic charm and modern amenities, ideal for continuing its legacy or creating a new chapter. Priced at $1,650,000.

Property profile

Verified
Property type Bed & breakfasts
Use group BED & BREAKFAST
Total area 4,800 SF
APN 1001-00-098-004-0-003-00
UPID US69-2092027

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub
  • Hotel & Motel Bed & Breakfast
  • Insurance Agency

Location

221 W Main St Tishomingo, OK 73460
Tishomingo metro Census 660201
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$985k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$965k

Owner & transaction history

since 2022
Last sale
$959,000
1 recorded transaction
2022
$959,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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