115 South Main Street
- 25,000 SF
- Former Historic Lamar Hotel
- Prime Downtown Location
- Ideal for Redevelopment - hotel, office, or multifamily conversion
Property Description
NAI UCR Properties is proud to present 115-125 S. Main Street, Yazoo City, MS for Sale. Located in the heart of the Yazoo City Town Center District, the historic former hotel presents a prime redevelopment opportunity. This 25,000 SF building offers exceptional potential for conversion into a boutique hotel, office space, or multifamily residences. The first-floor spans 10,000 SF, ideal for retail, restaurant, or lobby space, while the upper floors, each 5,000 SF, provide ample room for residential or office use. 25% State Historic Rehabilitation Tax Credit Eligible 20% Federal Historic Rehabilitation Tax Credit Eligible 9% Low Income Housing Tax Credit Eligible Additional MDAH Grants could be applied for With its central location in downtown Yazoo City, the property benefits from high visibility, walkability, and proximity to local businesses, government offices, and cultural attractions. Whether restoring its legacy as a hotel or reimagining it for modern commercial or residential use, this historic gem is a rare investment opportunity in a growing market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Hospitality |
| Price: | $500,000 |
| Year Built: | 1925 |
| Lot Size: | 0.17 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
271 South Orlando Avenue
Winter Park, Florida
Holiday Inn Express & Suites Perry
Perry, Florida
Brokers
View All-
Remax Professionals
Re/Max Real Estate Professionals | New York
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout