404 E Frontage Dr, Wiggins, MS 39577
For Sale
1 / 20
This exceptional investment opportunity presents a thriving commercial property in Wiggins, MS, encompassing a 12,374 square foot complex situated on a generous 5.27-acre lot. The property currently operates as the Southern Inn Motel, featuring 25 individual rental units, generating substantial income through nightly rentals. Single-bed units command $60.00 per night, while double-bed units rent for $70.00 per night. Adding to the revenue stream are three spacious suites, each approximately 1,160 square feet, currently leased at $1750.00 per month or $100.00 per night. The main hotel and office building comprises 8,874 square feet, while a separate building housing the three suites adds another 3,500 square feet. This versatile property is ideally suited for a variety of uses, catering to both short-term and long-term guests, offering significant potential for increased revenue and return on investment. The property's size and location provide ample opportunity for expansion or diversification of services. This is a turnkey operation with proven income streams, making it an attractive proposition for savvy investors seeking a strong foothold in the hospitality sector. The substantial square footage and expansive lot offer significant flexibility for future development and growth. This property presents a rare opportunity to acquire a well-established and profitable business with considerable upside potential.
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
No recorded transactions found for this property.
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.