In Brief: The 103-room Red Roof Inn in Ridgeland, Mississippi, will be sold at a foreclosure auction scheduled for April 30, 2024. (Date subject to change)
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Red Roof Inn in Ridgeland, Mississippi – Image Credit Gallivan Auctioneers & Appraisers
Auction Details
A foreclosure auction for a 103-room Red Roof Inn in Ridgeland, Mississippi, is scheduled for April 30, 2024, at 11 a.m. Central Time (Date subject to change). The auction will take place at 128 West North Street, Canton, MS 39046. The auction date is subject to change. Mozingo Real Estate & Auction LLC is working in partnership with Gallivan to conduct the sale.
Property Overview
The property is an economy hotel operating under the Red Roof Inn brand. It is located directly off Interstate 55 at Exit 103 in Ridgeland, Mississippi. The hotel sits on approximately 2.51 acres and includes two buildings with a combined estimated size of 31,738 square feet. The property contains 103 rooms with exterior corridor access and offers 121 on-site parking spaces. The hotel was originally opened in 1985.
Room and Building Specifications
The 103 rooms are divided into 54 standard rooms, 46 king rooms, and 3 other types. The property is zoned as C-2 General Commercial and is located in Madison County, within the city of Ridgeland. The parcel number for the property is 71G-36D-025/02.00, and it is in Flood Zone X.
Location and Accessibility
The hotel is situated adjacent to the Interstate 55 interchange at Exit 103. It is approximately 8 to 10 miles, or a 15 to 25-minute drive, from downtown Jackson. The Jackson-Evers International Airport is located 7.5 miles away, with an estimated travel time of 15 to 30 minutes. Northpark Mall is about one mile east of the property, and Renaissance at Colony Park is approximately 1.5 miles north. Tougaloo College is one mile away, and the Amazon AWS Data Center is also located in the Ridgeland area. Trustmark Park, a minor league baseball venue, is within walking distance. St. Jude Medical Center is 2.58 miles away, and Baptist Medical Center is six miles from the property.
Market and Demand Drivers
The property is positioned along the I-55 corridor, a major north-south interstate connecting Jackson to Memphis. The nearby Amazon AWS Data Center is expanding, which is increasing demand for construction and workforce lodging in the area. Northpark Mall, a regional shopping destination with more than 120 retailers, is located nearby. The healthcare corridor includes multiple hospitals within a six-mile radius. C Spire Wireless, the sixth-largest wireless provider in the U.S., and Cal-Maine Foods, the largest shell egg producer in the country, both have headquarters in Ridgeland. The Jackson metropolitan statistical area has a population of 539,057.
Local Demographics and Tax Information
The estimated population of Ridgeland in 2026 is 24,553. Median household income in the area ranges from $63,470 to $66,038. The Madison County tax rate is 0.66% of the assessed property value.
For more details:
MOZINGO REAL ESTATE & AUCTION MSAL#268 in partnership with GALLIVAN AUCTIONEERS & APPRAISERS
(317) 227-3720
matt@njgallivan.com
For auction details, visit the auction website.
