1936 Highway 45 Byp Jackson, TN 38305
SureStay Plus by Best Western, a fully renovated and cost-efficient property available for sale in Jackson, TN
Property size:
19,788 SFLot size:
1.24 Acres- Added:
- Jan 28, 2025
- Days on Market:
- 447
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 1936 Highway 45 Byp
General Information
- Standard status
- Active
- Property type
- Hotels, Other hospitality properties, Other residential income properties, Hospitality properties, Residential income properties
- Size
- 19,788 SF
- Elevators
- N/A
- Lot size
- 1.24 Acres
Building Details
- Year Built
- 1972
- Buildings
- 1
- Stories
- 2
- Units
- 48
Listing agent Twinkle (828) 202-8422
Listing office (828) 202-8422
Listing date Jan 28, 2025
Overview
Renovated 48-Unit Hotel For Sale
The SureStay Plus Hotel is a fully renovated, 48-unit hotel located in Jackson, Tennessee. The property is offered unencumbered of management, eliminating any Post-Acquisition Improvements (PIP) for the new owner. The hotel is situated in a city with a diverse economy driven by manufacturing, healthcare, education, and retail sectors. Jackson's central location in West Tennessee makes it a regional hub. The hotel features an outdoor swimming pool and fitness center. The property sits on a 1.24-acre lot and comprises 19,788 square feet. The hotel's recent renovation surpasses industry standards. Its strategic positioning along major transportation routes, including Interstate 40, enhances its appeal. The property is ideal for owner-operators or first-time buyers seeking a turnkey operation. Market data indicates positive year-over-year growth in occupancy (2.5%), Average Daily Rate (ADR, 1.7%), and Revenue Per Available Room (RevPAR, 4.2%) in the West Tennessee area as of October 2024. Annual traffic volume on the nearby highway is 123,805 vehicles.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hotels
Location Insight
- Map
- Local Demand
- City
- Jackson
- County
- Madison
- State
- Tennessee
- Longitude
- -88.852324
- Latitude
- 35.660883
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - SureStay Plus by Best Western, a fully renovated and cost-efficient property available for sale in Jackson, TN
Where is this hotel located?
The property is located at 1936 Highway 45 Byp Jackson, TN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 48 units, 2 stories, exterior corridor; Recently renovated, offering no PIP for new buyer; Amenities include an outdoor swimming pool and fitness center
