4300 American Way - Hospitality FOR SALE


Memphis, TN 38118
$5,850,000 USD
404-398-2090
4300 American Way, Memphis, TN for Sale
$5,850,000 USD
Hospitality - FOR SALE
1/32
null | Request Cap Rate

4300 American Way
Memphis, TN 38118


HIGHLIGHTS

  • 120 Rooms
  • Exterior Corridor, Lot Size: 2.21 acres
  • 3 Stories
  • Roof was Replaced in 2018
  • Bank Financing Available
  • This Facility has also a Licensed Convenience Store located inside of the Hotel which produces Additional Income Stream

OVERVIEW

Hotel performing at high occupancy without any major brand affiliation. Home 1 Extended Stay Hotel in Memphis TN Hotel has Kitchenettes: Microwave, two burner stove top, and refrigerator. Security 24 Hour, Guest Laundry Room, Free High Speed Internet and many other amenities. Several National Franchise Conversion Brands Available. Great upside potential for Owner Operator. Brand New Roof with Warranty Installed May 2018. Home 1 Extended Stay Suites - Memphis is located near close proximity all demand generators. Stax Museum of American Soul Music is 7 miles from the hotel. Brown Park is 8 miles from Home 1 Extended Stay, while Sun Studio is 8 miles away. The nearest airport is Memphis International Airport, 3.7 miles from the property.  Location Highlights1. Proximity to Key Highways: Conveniently located near Interstate I-240, providing easy access to major routes in and out of Memphis. Close to Interstate 40, connecting clients to the broader region. 2. Nearby Attractions:Pink Palace Museum - 4.1 milesMemphis Museum - 4.2 milesElvis Presley's Graceland - 6 milesMemphis Brooks Museum of Art - 6 miles Liberty Bowl Memorial Stadium - 6 miles Graceland - 8 miles Memphis Zoo - 8 miles 3. Access to Dining and Shopping: American Way - less than a mile and Southland Mall - 10 miles 4. Proximity to Memphis International Airport: Only 7 miles from the hotel. 5. Business and Industrial Hubs: Located near several business parks and industrial areas. FedEx Headquarters - 13 miles 6. Public Transportation: Easily accessible by public transit, with bus stops located within walking distance. 7. Healthcare Facilities: Regional One Health - 9 miles 8. Cultural and Entertainment Venues: Beale Street - 10 miles and National Civil Rights Museum - 12 miles  Please Do Not Call The Hotel or Hotel Employees about the Sale of the Hotel. Absentee Owner.

FOR SALE DETAILS

PRICE

$5,850,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

121

PRICE/ROOM

$48,347 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Home 1 Extended Stay Hotel - Memphis

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1987

PARKING SPACES

200

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

CP

APN/PARCEL ID

07-3022-0-0325

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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