Baer House Inn $499,900

Right in the heart of Historic Vicksburg. Profitable 7 guest rooms and additional owners quarters and there's room to expand. Walking distance to museums, restaurants, blues music venues, street festivals, art galleries and the river! Off street parking and large public parking across the street for wedding and reception events. Rated one of the top B&B's in Vicksburg and surrounding area. Home of the Vicksburg National Military Park with the entrance 4 minutes away.
6500 sq feet conditioned space does not include the attic or basement space which can be used for expansion if desired. The additional lot behind the home can be included for further expansion, or continue to use as a beautiful garden area for weddings with up to 400 guests. The home and neighborhood history is what makes the place come alive! The Baer House has been in the last 12 years of annual tour homes, is also on the Haunted Vicksburg Tour, and is included in all the downtown tours. Included in books such as Victorian Houses of Mississippi, Eat Drink Delta, Flint Bluff An American Saga and many others. The B&B has a contract with a world-wide industry leader in bike tours that pass through Mississippi. We accommodate groups on off-peak days in the spring and fall to supplement the normal busy bookings. 2013 revenue is with 15 weeks closure due to the owner traveling. This exquisite example of Eastlake Victorian was built in 1870 around an old 1849 Greek Revival home. Entire home is furnished in period antiques and price comes with all furnishings, kitchen and dinning equipment. Complete Turnkey.
The inn is a qualified Tripadvisor Gold Level Green Leader.
Owner can remain on site to assist with a transition or act as a manager/chef for a period of time that can be negotiated. Can also work with potential buyer with some owner financing.
The inn has advance bookings through 2015 and obtains consistent walk-ins due to it's location. Vicksburg is a convenient stop-over spot between Atlanta and Dallas (7 & 5hrs), as well as New Orleans and Memphis (3 hrs each). Vicksburg is in the heart of the true Mississippi Delta and along the "Blues" Highway 61. The Mississippi river town is steeped in history: Native American, Civil War, Jewish, River Lore, and the Natchez Trace is just outside of town. This 450 mile long National Park is also a large draw to the region for travelers. The local area is also popular with outdoor enthusiasts for kayaking, running and cycling. Temperatures are mild right through the winter months.

Note Special Considerations:
* On the National Register of Historic Places.
* Adjacent lot with street frontage available for sale - currently used as wedding venue.
* 1860 home next door is also available. 2000 sq ft for other expansion possibilities.
* Offered as complete TURNKEY operation with very few exceptions.
* Seller can assist with management, training and/or transition to new owner.
* Ongoing positive cash flow.

Turnkey operation includes real estate, business name, beautiful furnishings (including antiques), linens, dinnerware, flatware, and crystal for guests, fully equipped kitchen, website and list of hundreds of repeat customers.

To fully appreciate this extraordinary opportunity, a personal visit to the property is encouraged! Financials, occupancy and income details will be given to qualified prospective buyer upon signing a non-disclosure agreement and providing proof of financial capability.

Motivated seller will carry small second loan. Buyers must have good credit and cash down payment or acceptable trade of real estate.
Contact Doug Cousineau (601) 868-2237

Details

  • Built in 1870
  • Historic Registry
  • 10 years as B&B
  • Last renovation in 2001
  • For Sale By Owner
  • 7 Guest Rooms
  • 6.50 Guest Bathrooms
  • Lot size: 0.28 acres
  • 11 Parking Spots
  • Has owner's quarters
  • $499,900
  • For Sale By Owner
  • 38% annual. occ. rate
  • $134.00 avg daily rate
  • $85,875 gross revenue
  • $85,875 room revenue

Listing Agent

doug cousineau
1117 grove st
Vicksburg, MS 39183

Phone: 601-868-2237
email: info@baerhouseinn.ms
more pictures FB
reviews of the inn

Location

1117 Grove Street Vicksburg, MS 39183

Photos (click to enlarge)

Front of house
main floor hallway secondary location for receptions and weddings
large kitchen for breakfast & dinner preps upgraded and fully renovated kitchen
main front entrance with Eastlake Victorian carved doors
2nd floor hallway 1st floor rear gallery near 2-story outhouse
billiards room Bonnie Blue Room   rm 1
front parlor
ballroom

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