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7904 Craft Goodman Frontage Rd Olive Branch, MS 38654

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87-room hotel near Memphis and major transportation routes.

Property size:
40,000 SF

Property Features for 7904 Craft Goodman Frontage Rd

General Information

Size
40,000 SF

Building Details

Year built
2020

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Listing Contact
Keith Worsham
Source: Hilcorealestatesales

Listing Agent: Keith Worsham

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Olive Branch Best Western Plus

This Best Western Plus hotel is located in Olive Branch, Mississippi, within the Memphis submarket. Constructed in 2020, the four-story hotel features 87 rooms and is situated on approximately 1.02 acres. The property offers convenient access to I-78, I-55, and I-40, placing it approximately 15 minutes from downtown Memphis and the Memphis International Airport. The hotel benefits from its location near major transportation routes and the headquarters of FedEx, Williams-Sonoma and ASICS. The property includes approximately 500 square feet of meeting space. It has excellent frontage at the intersection of State Highway 78 and State Highway 302. The FedEx headquarters is located 2 miles away, and the William Sonoma distribution center is 4 miles from the property. The hotel's historical revenues include $2,560,158 in 2021 with 83% occupancy, $2,355,720 in 2022 with 73% occupancy, and $2,586,700 in 2023 with 78% occupancy.
Location Intelligence

Current Use by Public Records

Hotels

Map

City
Olive Branch
County
DeSoto
State
Mississippi
Longitude
-89.5387
Latitude
34.942

FAQs

What type of property is this?
Hotel - 87-room hotel near Memphis and major transportation routes.
Where is this hotel located?
The property is located at 7904 Craft Goodman Frontage Rd Olive Branch, MS.
What are key features of this property?
This property features: - Strategic location: Just 15 minutes from downtown Memphis and Memphis International Airport with convenient access to I-78, I-55, and I-40.; - Strong revenue history: Consistent annual revenues exceeding $2.3 million between 2021-2023.; - Recently constructed: Built in 2020, minimizing immediate renovation needs.
More about this property
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