12 Crossings Ct - Hospitality FOR SALE


Little Rock, AR 72205
$8,900,000 USD
480-567-6853
12 Crossings Ct, Little Rock, AR for Sale
$8,900,000 USD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

12 Crossings Ct
Little Rock, AR 72205


HIGHLIGHTS

  • • Renovated Extended-Stay hotel - Over $1M in Capex (Completed 2025)
  • • Located 10 minutes away from Downtown Little Rock
  • • Major POI’s nearby: River Market Entertainment District, Statehouse Convention Center, Simmons Bank Arena, and War Memorial Stadium
  • • 300,000 sqft Elopack warehouse ($70M) is currently under construction within 15 minutes of the TownePlace Suites - Expected open date of Q1 2025
  • • Over 10 Major Hospitals and Colleges/Universities all within a 5-mile radius, perfectly located to service the Extended-Stay Guest Demand
  • • Offered Fee Simple, Unencumbered by Management

OVERVIEW

To view offering summary and due diligence please visit https://towneplacesuiteslittlerockwest.sharplaunch.com/ or contact Michael Knall directly at (214) 500-4295 for more information. Marcus & Millichap has been chosen to exclusively market for sale the TownePlace Suites Little Rock West in Little Rock, Arkansas. The property is four stories with 92 all-suites rooms each with a kitchenette, and was newly renovated in September of 2024. Located along the I-430, less than 15 minutes away from Downtown Little Rock TownePlace Suites by Marriott is conveniently located in West Little Rock by the Shackleford Crossing Shopping Center. During your stay, easily get to attractions like the Simmons Bank Arena, the Little Rock Zoo, the Outlets of Little Rock, and the University of Arkansas at Little Rock. It's also near Arkansas Children's Hospital, UAMS Medical Center, and offices for AT&T.

FOR SALE DETAILS

PRICE

$8,900,000 USD

PRICE/SF

$176 USD /SF

# OF ROOMS

92

PRICE/ROOM

$96,739 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TownePlace Suites Little Rock West

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

4

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2009

PARKING SPACES

94

LAND DETAILS

LAND ACRES

2.69 AC

LAND SF

117,176 SF

ZONING

Commercial

APN/PARCEL ID

44L-078-18-013-00

ASK ABOUT THIS PROPERTY

Josh TammenMarcus & MillichapMore Info
480-567-6853

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Josh TammenMarcus & MillichapMore Info
480-567-6853

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.