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    FOR SALE
    Office buildings

    404 E Frontage Dr, Wiggins, MS 39577

    1,156 SF 4.8 ac lot Built 1970
    Entity Owned Free & Clear
    Property ID
    US50-1239004
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1970
    Total area 1,156 SF
    Lot 4.8 ac (209,088 SF)
    APN 106 -23-038.000
    UPID US50-1239004
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    SOUTHERN INN INC
    SOUTHERN INN INC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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