Mississippi Gulf Restaurant and Hotel

Pascagoula, MS (Jackson County)

Mississippi Gulf Restaurant and Hotel
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Asking Price: $3,420,000

Gross Revenue: $501,000

Price/Sq. Ft.: $73.21

NOI: N/A

Building SF: 33,912

FF&E: N/A

Year Built: 1960

Mississippi Gulf Restaurant and Hotel

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Property Description

Renovated well-maintained 76 room unit hotel complex available for sale located one mile from the Mississippi coast. Most rentals are on a weekly or monthly basis with corporate or contract tenants. Fully staffed with solid cooperate connections. Restaurant on site is fully equipped with catering contracts in place. 52 units are fully renovated and many include amenities for extended stay. Sale includes business, furniture, fixtures and equipment. Employee manual and training included as well. Turn-key business investment, restaurant and hotel with opportunities for other income generating businesses.

Detailed Information

Location:
Pascagoula, MS
Type:
Other Business Real Estate
Building SF:
33,912
Building Status:
Established
Facilities:
Purpose built hotel and restaurant with extended stay capabilities. Laundry facility and ample parking.
Financing:
information upon request
Reason for Selling:
pursuing other business interests
Current Property Expenses:
To be supplied
Location Description:
Close to I-10 corridor
Current and Prior Use:
Active hotel with large company contracts, food catering business, fully equipped restaurant (currently not in use). Space for private events / conference rooms, etc.
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Property Listed By:
Paul Slater

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