2855 Old Austin Peay Hwy Memphis, TN 38128
Independent hotel with value-add potential in the Northeast I-40 corridor.
Property size:
21,012 SFLot size:
1.23 AcresProperty Features for 2855 Old Austin Peay Hwy
General Information
- Standard status
- Active
- Zoning
- Commercial
- Size
- 21,012 SF
- Lot size
- 1.23 Acres
Building Details
- Year built
- 2000
Source:
Crexi
Listing Agency: Moon Realty USA Listing Agent: Suresh Patel
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
70-Key Hotel in Metro Memphis
The Point Hotel is a 70-key, 3-story independent limited-service hotel located at 2855 Old Austin Peay Highway in Metro Memphis' Northeast I-40 corridor. The property, spanning 21,012 square feet on a 1.23-acre lot, features interior corridors, an elevator, and an indoor pool. Constructed in 2000, the hotel was originally a Sleep Inn and later operated as a Quality Inn before being deflagged in December 2025. This provides buyers with the flexibility to rebrand with a preferred franchise. The hotel has generated an average annual room revenue of approximately $1.1 million from 2023 to 2025. Recent 2025 STR metrics include 65.44% occupancy, $54.99 ADR, and $35.98 RevPAR. Recent capital improvements include full interior and exterior painting in 2023 and guest room carpet replacement in 2022, with ongoing room and common-area updates. The property is situated in a demand-rich submarket near FedEx's world headquarters, Nike distribution centers, and the expanding Millington/Blue Oval City Ford Plant. Additional demand drivers include Shelby Farms Park, Memphis Zoo, FedExForum, Liberty Stadium, and St. Jude Children's Research Hospital. The hotel has convenient access to I-40 and Memphis International Airport, as well as nearby fast-casual dining, retail, and gas stations. The Point Hotel is sold "as-is" with growth prospects.
Location Intelligence
Current Use by Public Records
Quality Inn Memphis ...
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.922629
- Latitude
- 35.2036258
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FAQs
What type of property is this?
Hotel - Independent hotel with value-add potential in the Northeast I-40 corridor.
Where is this hotel located?
The property is located at 2855 Old Austin Peay Hwy Memphis, TN.
What are key features of this property?
This property features: - Value-add potential through rebranding, choose your preferred franchise with potential incentives.; - Strong historical performance with approximately $1.1 million average annual room revenue (2023-2025) and solid 2025 STR metrics.; - Strategic location in the heart of Metro Memphis' Northeast I-40 corridor.
