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$1,450,000
Est. payment /mo
22,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 22,500 sqft
Price per Sqft $64
MLS Listing ID 4110332
Originating Board MLS United
Year Built 2000
Annual Tax Amount $13,980
Lot Size 4.000 Acres
Acres 4.0
Property Sub-Type Business
Property Description
Welcome to the Oak Tree Inn in Holmes County, MS! Situated just off Interstate 55 at Exit 156, this 40-room hotel presents an excellent opportunity for investors or business owners looking to expand their commercial property holdings. Built around the year 2000, the Oak Tree Inn offers both convenience and potential in one of central Mississippi's most accessible locations.
Strategically located between Canton to the south and Grenada to the north, both areas experiencing significant commercial development, this 4± acre property is positioned to benefit from increasing traffic along the I-55 corridor. Boasting frontage along Highway 12 and Interstate 55, the Oak Tree Inn serves as a natural stop for travelers, truckers, and visitors heading to or from key destinations across the state.
In addition to the hotel, there is the option to purchase up to 73± additional acres of commercially zoned land surrounding the property. This land offers endless possibilities whether for new development, such as retail centers, restaurants, storage facilities, or truck stops, or for resale as smaller commercial parcels. The flexibility and prime location of this acreage make it a compelling addition for developers and investors alike.
The Oak Tree Inn is ideal for those seeking to revitalize and operate a hospitality business in a growing area or for those interested in repurposing the space for another commercial use. The building's size and visibility from the interstate make it a versatile asset.
Whether you're expanding your existing hospitality business or exploring new ventures, this property provides the foundation to build upon. With consistent traffic flow, solid occupancy rates, and an established structure in place, the Oak Tree Inn is a rare find at a strategic intersection of opportunity.
Strategically located between Canton to the south and Grenada to the north, both areas experiencing significant commercial development, this 4± acre property is positioned to benefit from increasing traffic along the I-55 corridor. Boasting frontage along Highway 12 and Interstate 55, the Oak Tree Inn serves as a natural stop for travelers, truckers, and visitors heading to or from key destinations across the state.
In addition to the hotel, there is the option to purchase up to 73± additional acres of commercially zoned land surrounding the property. This land offers endless possibilities whether for new development, such as retail centers, restaurants, storage facilities, or truck stops, or for resale as smaller commercial parcels. The flexibility and prime location of this acreage make it a compelling addition for developers and investors alike.
The Oak Tree Inn is ideal for those seeking to revitalize and operate a hospitality business in a growing area or for those interested in repurposing the space for another commercial use. The building's size and visibility from the interstate make it a versatile asset.
Whether you're expanding your existing hospitality business or exploring new ventures, this property provides the foundation to build upon. With consistent traffic flow, solid occupancy rates, and an established structure in place, the Oak Tree Inn is a rare find at a strategic intersection of opportunity.
Location
State MS
County Holmes
Direction Directions From Madison, MS: Head north on Interstate 55, approximately 48 miles, to MS Hwy 12 E in Holmes County. Take Exit 156. Go East on Hwy 12, the destination will be on your left. Direction
Building
Level or Stories Two
New Construction No
Others
Tax ID 027-33-00700
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Listed by SmallTown Hunting Properties & Real Estate