Historic Vicksburg, MS Hotel/Residential Apartment Building FEATURED

MLS #: 29967219
Listing Type: For Sale
Property Type: Multi-use
Price: $2,100,000
Location: 801 Clay Street
Vicksburg
Mississippi 39183
Style: Colonial Revival
Year Built: 1929
Half Bathrooms:
Lot Size (acres): 20650
Size (square feet): 71,106
Condition: Move in ready
Additional Out Buildings:
Submission Date: 08-22-2017
Last Update: 08-23-2017
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Agent Details: Honore Aschaffenburg
Company Name: Snappy Jacobs CCIM Real Estate Management, LLC
Phone Number: 504-525-0190
Fax:
Cell Number: 504-913-7985
Built in 1929, and for many years functioning as the center of Vicksburg's civic and social life, the approximately 71,000 SF, 11 story, Hotel Vicksburg remains an iconic structure that carries significant goodwill within the community and the Delta region. When it was completed, the Hotel Vicksburg was the tallest building between Memphis and New Orleans. In 1948, Gen. Dwight D. Eisenhower announced his candidacy for President of the United States in the Hotel's ballroom, The Coral Room. In 1979, the hotel was converted into a 57 market rate apartment building, which is its present use. The apartment units have experienced refurbishment on an "as need" basis since the conversion. The building exterior, the ground and mezzanine floors, retain most of the original public space lay-out and architectural detail. The Coral Room and the original hotel lobby are currently available for catered social functions. Surrounding the core hotel ground floor are several retail tenants. The apartment and retail tenants are month-to-month or short-term leases. The Hotel Vicksburg is in generally good to very good condition and is listed on the National Register of Historic Places, qualifying it for the 25% Mississippi Rehabilitation Tax Credit and the 20% Federal Rehabilitation Tax Credit, in the event it were to be renovated. Other State economic incentives are available. Located along the Mississippi Blues Highway with magnificent views of the Mississippi River and in close proximity to many popular and cultural tourism destinations, this is a rare investment opportunity for an operating business that has much repositioning potential.
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Photo Gallery



The Coral Room


Building Aerial


Lobby/Restaurant


Cigar Stand


Lobby Mural






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