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1936 Highway 45 Byp Jackson, TN 38305

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For Sale
$2,400,000

SureStay Plus by Best Western, a fully renovated and cost-efficient property available for sale in Jackson, TN

Property size:
19,788 SF
Lot 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

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Listing Contact
Twinkle Patel

Listing agent Twinkle

Listing office

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

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Jackson
County
Madison
State
Tennessee
Longitude
-88.852324
Latitude
35.660883

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
More about this property
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