915 Brookway Boulevard, Brookhaven, MS 39601
$1,500,000
Property Type:
Commercial Sale
Square Footage:
17,000
Lot Size (sq. ft.):
68,389
Status:
Active
Current Price:
$1,500,000
List Date:
5/03/2024
Last Modified:
5/03/2024
Description
Prime Commercial Property - Spanish Inn Motel. Located at 915 Brookway Blvd, in the bustling heart of Brookhaven, this commercial property offers a unique investment opportunity with diverse potential. Currently operating as the Spanish Inn Motel, this establishment boasts 41 well-maintained rooms, with recent renovations including new laminate flooring and fresh paint, ensuring a turnkey operation for those looking to enter the hospitality industry. Rooms are competitively priced between $65-$75 per night, appealing to a broad range of guests.
Spanning 1.57 acres in a prime retail corridor, the property is strategically positioned between Starbucks and Wendy's, offering exceptional visibility and high traffic volume. This location is not just a thriving motel but also a promising site for redevelopment into a shopping center, standalone restaurant, or gas station, catering to both local and transient clientele.
Explore the potential to continue a profitable motel business or transform this space into a retail haven. The choice is yours at this prime Brookhaven location, where opportunity meets flexibility.
More Information MLS# 4078614
Address and Location Information
Street Number: 915
Street Name: Brookway
Street Suffix: Boulevard
County: Lincoln
State: MS
Zip Code: 39601
Parcel Number: B77-14-1-049
Community Of: N/A
Listing Information
Status: Active
List Date: 2024-05-03
List Price: $1,500,000
Current Price: $1,500,000
Property Sub Type: Business
Listing Service: Full Service
New Construction: No
Co-Op and Commission Information
Buyer Agency Compensation: 3
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 1.57
Approx H/C SqFt: 17000
SqFt Source: Estimated
List Price/SqFt: 88.24
Year Built: 1960
Year Built Source: Estimated
Total Floors: 1
Accessibility Features: Yes
Tax and Financial Information
Tax Annual Amount: 12138
Tax Year: 2023
Zoning: General Commercial
Flood Insurance Required?: No
Leasehold Y/N: No
Legal Description: BEG 792.2' W & 196.4' S OF NE COR OF SE1/4 OF NE1/4 SEC 14 RUN 205' E ALG S R/W B-WAY BLVD FOR A POB CONT E 150' S 456' W150' N 456' TO POB BEING 1.57 AC IN SE1/4 OF NE1/4 SEC 14-7-7
Remarks & Miscellaneous
Public Remarks: Prime Commercial Property - Spanish Inn Motel. Located at 915 Brookway Blvd, in the bustling heart of Brookhaven, this commercial property offers a unique investment opportunity with diverse potential. Currently operating as the Spanish Inn Motel, this establishment boasts 41 well-maintained rooms, with recent renovations including new laminate flooring and fresh paint, ensuring a turnkey operation for those looking to enter the hospitality industry. Rooms are competitively priced between $65-$75 per night, appealing to a broad range of guests.
Spanning 1.57 acres in a prime retail corridor, the property is strategically positioned between Starbucks and Wendy's, offering exceptional visibility and high traffic volume. This location is not just a thriving motel but also a promising site for redevelopment into a shopping center, standalone restaurant, or gas station, catering to both local and transient clientele.
Explore the potential to continue a profitable motel business or transform this space into a retail haven. The choice is yours at this prime Brookhaven location, where opportunity meets flexibility.
Commercial Features
Business Included: Yes
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Basement Features
Basement: No
Property Features
Business Type: Hotel/Motel
Current Use: Commercial
Possible Use: Commercial
Location: City Street
Levels: One
Flooring: Carpet; Laminate
Exterior Construction/Siding: Brick
Flood Insurance: No Previous Flood Inside
Price Includes: All Appliances; All Equipment; All Furnishings; Building and Land; Business; Business and Building; Business Name; Equipment; Inventory; Signage
Disclosures: None
Uncovered Parking?: Over 100 Spaces
Listing Office: eXp Realty
Listing Agent: Mark Metcalf
Last Updated: May - 03 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.