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    Memphis, TN
    Hospitality

    Memphis, TN Hospitality Properties for Sale

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    Southaven, MS Olive Branch, MS Horn Lake, MS Nesbit, MS Walls, MS Piperton, TN Lake Cormorant, MS Jackson, MS
    6 properties
    Commercial Property in EDGE District
    Updated: Jun 9, 2023
    Commercial Property in EDGE District

    433 Madison Ave, Memphis, TN 38103

    $600,000
    4,210 sqft
    Prime location in the vibrant EDGE district of downtown Memphis.
    Over 4,000 square feet of versatile space customizable for various business needs.
    Excellent visibility and easy access to major highways.
    Abundant natural light from large windows creating an inviting atmosphere.
    Proximity to restaurants, shops, and entertainment venues for networking and collaboration.
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    This listing looks promising.

    Here's a quick look at some key insights for

    433 Madison Ave, Memphis, TN 38103

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    • Est. Cap Rate

      8.5%
      Above avg (5.9%)

    • Est. NOI

      $51K
      Annual

    • Mortgage

      $450K
      May 2022

    • Last Sold

      Dec 2023
      $325K

    • Property Type

      Office Building
      Built 1903
    View Property Analytics
    Apartment Conversion Opportunity
    Updated: Jun 22
    Apartment Conversion Opportunity

    6020 Shelby Oaks Drive, Memphis, TN 38134

    $2,000,000
    41,280 sqft
    Year built 1985 hospitality property; vacant and positioned for an apartment redevelopment conversion concept
    Preliminary 80‑unit apartment conversion concept using existing on‑site elevator and common‑area infrastructure
    New roof installed and significant remediation performed
    Proposed asking price: $2,000,000 (per listing)
    Listing pro forma indicates $405,000 NOI and projected 19.8% cash‑on‑cash return at stabilization with 8.0% yield on cost
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    Updated Hospitality Asset For Sale
    Updated Hospitality Asset For Sale

    6045 Macon Cove, Memphis, TN 38134

    $1,999,999

    Stabilized hospitality asset with updated interiors and strong access.

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    Freestanding Downtown Redevelopment Building
    Freestanding Downtown Redevelopment Building

    122 S Main St, Memphis, TN 38103

    Contact for pricing
    52,684 sqft

    Freestanding building with ground-floor retail and two additional floors, including underground parking, ideal for redevelopment.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Madison Avenue Development Site
    Madison Avenue Development Site

    2040 Madison Ave, Memphis, TN 38104

    Contact for pricing
    129,612 sqft

    Development site in the heart of Midtown Memphis.

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    Memphis Hotel with Kitchenettes
    Memphis Hotel with Kitchenettes

    4300 American Way, Memphis, TN 38118

    $4,500,000

    Hotel with kitchenettes, high occupancy, and franchise conversion potential.

    View details
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 6 Active listings in Memphis, TN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 66 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Motel and Liquor Store Property
    Motel and Liquor Store Property

    3662 E HWY 412, Paragould, AR 72450

    $590,000
    5,724 sqft 2.00 AC lot

    For sale hospitality and retail opportunity with a motel, liquor store, attached apartment, and included liquor license.

    View details
    Historic Jackson Property with Potential
    Historic Jackson Property with Potential

    423 HIGHLAND Avenue N, Jackson, TN 38301

    $500,000
    4,362 sqft 0.38 AC lot

    Spacious 4,362 sq ft property in Jackson's historic district.

    View details
    Motel and Liquor Store Opportunity
    Motel and Liquor Store Opportunity

    3662 HWY 412 E, Paragould, AR 72450

    $590,000
    5,724 sqft 2.67 AC lot

    Motel and liquor store for sale on 2.67 acres.

    View details
    40 Acres on Hwy 70E
    40 Acres on Hwy 70E

    2142 Hwy 70 E, Jackson, TN 38305

    $4,000,000
    40.00 AC lot

    40 acres near I-40 with multiple development possibilities.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    C-4 Zoned Commercial Land Parcel
    C-4 Zoned Commercial Land Parcel

    38 E Goodman Road, Southaven, MS 38671

    $650,000
    3.78 AC lot

    Commercial land parcel on Goodman Rd with C-4 zoning and nearby utilities available.

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    Commercial Development Lot with Frontage
    Commercial Development Lot with Frontage

    18 Hospitality Lane lot: 7P-A, Southaven, MS 38671

    $392,000
    1.86 AC lot

    Commercial lot offering 218 feet of frontage and public utilities available in Southaven.

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    Commercial Land with Dual Frontage
    Commercial Land with Dual Frontage

    9 Marathon Way lot: 7E, Southaven, MS 38671

    $1,200,000
    9.00 AC lot

    9-acre commercial site with frontage on two roads and at least two ingress/egress points.

    View details
    High-Visibility Development Land
    High-Visibility Development Land

    6748 Cockrum Road lot: 60, Olive Branch, MS 38654

    $1,000,000
    3.05 AC lot

    Development land totaling 3.05 acres with frontage access on Cockrum Road near the Old Goodman and Hwy 305 intersection.

    View details

    Off-Market Properties in Memphis, TN

    Consider similar Off-Market properties in Memphis, TN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    3268 3rd St
    HOTEL/MOTEL

    3268 3rd St, Memphis, TN 38109-2944

    Value Estimation by Request
    2,405 sqft 1.94 AC lot
    View details
    6325 Quail Holw Rd
    HOTEL

    6325 Quail Holw Rd, Memphis, TN 38120-1470

    $5,155,000
    Estimated value
    45,696 sqft 2.68 AC lot
    View details
    9161 Winchester Rd
    HOTEL

    9161 Winchester Rd, Germantown, TN 38138-8509

    $9,730,000
    Estimated value
    77,983 sqft 3.61 AC lot
    View details
    1553 Elvis Presley Blvd
    HOTEL/MOTEL

    1553 Elvis Presley Blvd, Memphis, TN 38106-5912

    Value Estimation by Request
    9,474 sqft 1.22 AC lot
    View details
    Market
    HOTEL

    Market, Memphis, TN 38103

    Value Estimation by Request
    0.17 AC lot
    View details
    Market
    HOTEL

    Market, Memphis, TN 38103

    Value Estimation by Request
    0.36 AC lot
    View details
    Market
    HOTEL

    Market, Memphis, TN 38103

    Value Estimation by Request
    1.63 AC lot
    View details
    250 Main St
    HOTEL

    250 Main St, Memphis, TN 38103-1624

    $9,640,000
    Estimated value
    175,149 sqft
    View details
    1585 Elvis Presley Blvd
    HOTEL/MOTEL

    1585 Elvis Presley Blvd, Memphis, TN 38106-5912

    Value Estimation by Request
    3,831 sqft 2.26 AC lot
    View details
    345 Main St
    HOTEL

    345 Main St, Memphis, TN 38103-4202

    $700,000
    Estimated value
    15,570 sqft 0.13 AC lot
    View details
    1950 Elvis Presley Blvd
    HOTEL/MOTEL

    1950 Elvis Presley Blvd, Memphis, TN 38106-6945

    Value Estimation by Request
    2,092 sqft 1.58 AC lot
    View details
    3419 American Way
    HOTEL/MOTEL

    3419 American Way, Memphis, TN 38118-1663

    $3,745,000
    Estimated value
    32,691 sqft 2.80 AC lot
    View details
    7905 Giacosa Pl
    HOTEL

    7905 Giacosa Pl, Memphis, TN 38133-5303

    $7,590,000
    Estimated value
    75,915 sqft 2.23 AC lot
    View details
    650 Lester St
    HOTEL/MOTEL

    650 Lester St, Memphis, TN 38112-2324

    $570,000
    Estimated value
    10,396 sqft 1.40 AC lot
    View details
    661 Lester St
    HOTEL/MOTEL

    661 Lester St, Memphis, TN 38112-2323

    Value Estimation by Request
    7,660 sqft 0.58 AC lot
    View details
    6010 Macon Cv
    HOTEL/MOTEL

    6010 Macon Cv, Memphis, TN 38134-7643

    $2,845,000
    Estimated value
    30,210 sqft 1.47 AC lot
    View details
    2736 Nonconnah Blvd
    HOTEL

    2736 Nonconnah Blvd, Memphis, TN 38132-2107

    $1,035,000
    Estimated value
    69,910 sqft 3.47 AC lot
    View details
    9320 Poplar Pike
    HOTEL/MOTEL

    9320 Poplar Pike, Germantown, TN 38138-8311

    $5,420,000
    Estimated value
    38,048 sqft 1.54 AC lot
    View details

    Memphis, TN Hospitality Properties Market Trends and Statistics

    Explore 72 hospitality properties for sale in Memphis, TN, showcased through 6 active listings on our real estate platform. These investment opportunities span a total of 45,490 square feet of properties for sale, with an estimated market value of $2,600,000.

    Sale prices for hospitality properties in Memphis, TN start at $600,000, averaging $1,300,000, and reaching up to $2,000,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Hotels 5

    Demographics Overview

    Population 718K
    Population Growth (5Y) -3.1%
    Median Household Income $61,271
    College Educated 18.4%

    High-Yield Neighborhoods for Investment

    Identify Memphis submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    38103 $375K
    38134 $2M
    38118 $4.5M

    Taxes & Financing

    Tax Rate (average for all types) 5.80%
    Property Tax per SF $85.96 per SF
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Shelby County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Shelby County

    Residential Income

    Property Size Breakdown

    The majority of commercial real estate listings in Memphis fall within the 100,000+ square foot range.

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    Most Searched ZIP Codes in Memphis, TN

    • 38103
    • 38134
    • 38104
    • 38118

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