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ASAM HOTEL 4041 Washington St 30 Room Hotel Vicksburg, MS 39180 $1,902,161 CAD ($63,405 CAD/Room) 12.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Riverfront Location – 1.86± acres with direct access to downtown and casinos.
- Versatile Space – 11,500± SF, ideal for motel or mixed-use redevelopment.
EXECUTIVE SUMMARY
Snapshot (Why This Moves Fast)
1.88 acres on the Washington St commercial corridor with up to 30 rooms existing improvements; 1 and 2 stories; C-4 commercial zoning. Near downtown Vicksburg, MS.
River-view site with direct corridor access to Downtown Vicksburg and minutes to Ameristar, Bally’s, Riverwalk, and WaterView casinos—four separate demand drivers for budget, workforce, and extended-stay lodging.
LoopNet
Visit Vicksburg
Prime candidate for future development per prior marketing highlights; zoned C-4 (General Commercial) per City records (buyer to confirm specific uses with the City of Vicksburg)
Market tailwinds: new $35.6M shipyard investment at the Port of Vicksburg and $1.5M in riverfront park funding—both bringing jobs, visitors, and local spend.
Vicksburg
The Vicksburg Post
Mississippi tourism momentum: record 43.7M visitors statewide in 2023 with strong 2024–2025 carryover—great timing for a refreshed accommodation play.
Vicksburg Daily News
Mississippi Business Journal
The Opportunity
Own a river-view hospitality parcel in one of Mississippi’s most visited historic cities. The legacy Dixiana Motel/Asam Hotel comprises of up to 30 rooms one and two floors on 1.88 acres of C-4 commercial land—ideal for renovation or redevelopment (select from budget motel refresh, extended-stay, workforce lodging, contractor housing, or mixed hospitality + RV pads subject to zoning/permitting). The Washington St address positions you between the Mississippi River and Vicksburg’s four-casino cluster, with easy access to historic downtown, the National Military Park, and the port/industrial employers that keep weekday occupancy high.
LoopNet
Southern Living CDI Riverwalk
Property Highlights
Land: 1.88 AC | Zoning: C-4 (General Commercial) | Bldg Stories: 1 & 2 |
Visibility & Access: Washington St corridor to Downtown; near riverfront attractions and the casino row.
Future-Proof Location: Local public/private projects (Port expansion/shipyard, Riverfront Park rebuild) are adding stable jobs and visitor experiences.
Vicksburg
Why Buy Now
Supply-demand gap: Vicksburg’s visitation stays resilient (casinos + heritage tourism). Catch demand with a renovated, efficient key-count or hybrid lodging model.
Visit Vicksburg
Vicksburg Daily News
Value-add levers: cosmetic + systems refresh, key-mix optimization, extended-stay orientation, weekly corporate/contractor rates, and partnerships with nearby casinos and port employers.
Capital inflows to the city (shipyard, recreation amenities) support ADR and occupancy growth—you benefit on day one and over the hold period.
Vicksburg
The Vicksburg Post
Ideal Buyers
Hospitality operators seeking a light-to-medium renovation with strong cash-on-cash potential.
Value-add investors converting to extended-stay/workforce lodging (high weekday base, event and weekend upside).
Developers exploring mulit family, condominum, mixed hospitality/RV or modular lodging (subject to city approvals).
Call to Action 832 888 0034
Buy immediately and lock a rare river-view, C-4 commercial site on the Washington corridor before the next investment wave resets pricing. Bring your contractor, walk the site, underwrite your refresh, and go to contract this week.
Contact: Sam Malik | Aspen Group
832-888-0034 | samalik2@gmail.com
1.88 acres on the Washington St commercial corridor with up to 30 rooms existing improvements; 1 and 2 stories; C-4 commercial zoning. Near downtown Vicksburg, MS.
River-view site with direct corridor access to Downtown Vicksburg and minutes to Ameristar, Bally’s, Riverwalk, and WaterView casinos—four separate demand drivers for budget, workforce, and extended-stay lodging.
LoopNet
Visit Vicksburg
Prime candidate for future development per prior marketing highlights; zoned C-4 (General Commercial) per City records (buyer to confirm specific uses with the City of Vicksburg)
Market tailwinds: new $35.6M shipyard investment at the Port of Vicksburg and $1.5M in riverfront park funding—both bringing jobs, visitors, and local spend.
Vicksburg
The Vicksburg Post
Mississippi tourism momentum: record 43.7M visitors statewide in 2023 with strong 2024–2025 carryover—great timing for a refreshed accommodation play.
Vicksburg Daily News
Mississippi Business Journal
The Opportunity
Own a river-view hospitality parcel in one of Mississippi’s most visited historic cities. The legacy Dixiana Motel/Asam Hotel comprises of up to 30 rooms one and two floors on 1.88 acres of C-4 commercial land—ideal for renovation or redevelopment (select from budget motel refresh, extended-stay, workforce lodging, contractor housing, or mixed hospitality + RV pads subject to zoning/permitting). The Washington St address positions you between the Mississippi River and Vicksburg’s four-casino cluster, with easy access to historic downtown, the National Military Park, and the port/industrial employers that keep weekday occupancy high.
LoopNet
Southern Living CDI Riverwalk
Property Highlights
Land: 1.88 AC | Zoning: C-4 (General Commercial) | Bldg Stories: 1 & 2 |
Visibility & Access: Washington St corridor to Downtown; near riverfront attractions and the casino row.
Future-Proof Location: Local public/private projects (Port expansion/shipyard, Riverfront Park rebuild) are adding stable jobs and visitor experiences.
Vicksburg
Why Buy Now
Supply-demand gap: Vicksburg’s visitation stays resilient (casinos + heritage tourism). Catch demand with a renovated, efficient key-count or hybrid lodging model.
Visit Vicksburg
Vicksburg Daily News
Value-add levers: cosmetic + systems refresh, key-mix optimization, extended-stay orientation, weekly corporate/contractor rates, and partnerships with nearby casinos and port employers.
Capital inflows to the city (shipyard, recreation amenities) support ADR and occupancy growth—you benefit on day one and over the hold period.
Vicksburg
The Vicksburg Post
Ideal Buyers
Hospitality operators seeking a light-to-medium renovation with strong cash-on-cash potential.
Value-add investors converting to extended-stay/workforce lodging (high weekday base, event and weekend upside).
Developers exploring mulit family, condominum, mixed hospitality/RV or modular lodging (subject to city approvals).
Call to Action 832 888 0034
Buy immediately and lock a rare river-view, C-4 commercial site on the Washington corridor before the next investment wave resets pricing. Bring your contractor, walk the site, underwrite your refresh, and go to contract this week.
Contact: Sam Malik | Aspen Group
832-888-0034 | samalik2@gmail.com
PROPERTY FACTS
| Price | $1,902,161 CAD | Lot Size | 1.88 AC |
| Price Per Room | $63,405 CAD | Building Size | 10,012 SF |
| Sale Type | Investment | No. Rooms | 30 |
| Cap Rate | 12.33% | No. Stories | 2 |
| Sale Condition | High Vacancy Property | Year Built/Renovated | 1975/2025 |
| Property Type | Hospitality | Parking Ratio | 4/1,000 SF |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C | ||
| Zoning | C4 | ||
| Price | $1,902,161 CAD |
| Price Per Room | $63,405 CAD |
| Sale Type | Investment |
| Cap Rate | 12.33% |
| Sale Condition | High Vacancy Property |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 1.88 AC |
| Building Size | 10,012 SF |
| No. Rooms | 30 |
| No. Stories | 2 |
| Year Built/Renovated | 1975/2025 |
| Parking Ratio | 4/1,000 SF |
| Corridor | Exterior |
| Zoning | C4 |
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 30 | $87.15 CAD | - |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $44,391 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$44,391 CAD
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Milak, Sam
ASAM HOTEL | 4041 Washington St
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