Hotel Vicksburg

Multi-Family for Sale
Catylist Listing ID: 29967219
Property Subtypes: High-Rise
Number of Units: 57 Units
Building Size (RSF): 71,106 SF
Sale Price: $2,100,000
Unit Price: $36,842.11 Per Unit
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/10/2017

Overview / Comments

11 story, 1929 historic hotel, 1 block from Blues Trail in downtown Vicksburg. Currently operating as 57 unit apartment building (waiting list) with 4,900SF of retail on ground floor. Fabulous ground floor and mezzanine public areas.
Qualifies for State and Federal Historic Restoration Tax Credits and other financial incentives. Market Rate Apartments, Senior Living or Transient Hotel. 13,000SF lot behind hotel included.

Additional Details

Nearest MSA: Vicksburg
County: Warren
Parking Description: Approx. 13,000SF surface lot adjacent to building (36 cars). Can develop lot or retain as parking. Leased parking garage available across the street.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,619 17,899 28,085
Median Age: 35.99 37.98 37.62
Households: 2,305 7,155 11,168

Contact

Photograph of Listing Agent

Honore Aschaffenburg

Snappy Jacobs Real Estate Mngmnt LLC New Orleans, LA 70130-2606
LACDB Member
Photograph of Listing Agent

Snappy Jacobs

Snappy Jacobs Real Estate Mngmnt LLC New Orleans, LA 70130-2606
LACDB Member

Source

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