Dixiana Motel


Price:
  $750,000   
$695,000

Address :
4041 Washington St
Vicksburg, MS 39180


  •  Property currently operates as an independent.
  •  Priced well below replacement cost.
  •  Well-located to Vicksburg casinos and regional attractions.
  •  Great opportunity for first-time owner/operator.
  •  Manager’s apartment.
  •  Long-term, extended-stay guests.
  •  Purchase includes 12.54 acres of land with strong development potential.
  •  Seller will consider short-term seller financing for a qualified purchaser.
    View Map    View Aerial
  •  Situated where the Yazoo River joins the Mississippi River, the City of Vicksburg has been a strategic river port throughout its history.
  •  Only Minutes from Ameristar Casino, Lady Luck Casino, Riverwalk Casino and Waterview Casino
  •  Close to Regional Demand Generators, Including...
    •  Across the street from Riverfront Park
    •  2.4 Miles to Vicksburg Mall
    •  4.0 Miles to Vicksburg National Military Park
    •  4.9 Miles to The Outlets at Vicksburg
    •  7.6 Miles to Merit Health River Region
  •  51 Rooms
  •  Manager’s Apartment
  •  1 & 2 Stories
  •  10 Buildings of Varying Construction Styles
  •  Exterior Corridors
  •  Concrete Parking Lot
  •  Built 1945
Financials
2014
2015
2016
T-12Mos 6/17
Occupancy
39.22%
55.78%
48.67%
47.73%
Room Revenue
$147,043
$251,295
$241,556
$241,864
Net Operating Income
$7,992
$66,249
$43,940
N/A
The majority of units function as extended-stay units.
This is a confidential offering intended for the recipient's use in determining the advisability of negotiating for purchase. Do NOT Contact the Property Directly! All Showings by Appointment Only!