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4300 American Way Memphis, TN 38118

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

Type:Hospitality
Added:
Sep 22, 2024
Days on Market:
572
Last Refresh:
Mar 17 at 1:13 pm

Property Features for 4300 American Way

General Information

Standard status
Active
Property subtype
Hospitality

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Listing Contact
Raiyan Rab

Listing agent Raiyan Rab License #000117230 - 0 - AL

Listing office Numarix

Listing date Sep 22, 2024

Source Crexi

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

All listing content including descriptions, pricing, images are the copyrighted material of Numarix


Overview

Memphis Hotel with Kitchenettes

This hotel, operating at high occupancy without major brand affiliation, features kitchenettes equipped with a microwave, two-burner stovetop, and refrigerator. The property provides amenities such as 24-hour security, a guest laundry room, and complimentary high-speed internet. Several national franchise conversion brands are available, presenting an opportunity for an owner-operator. A new roof with a warranty was installed in May 2018. The hotel is located in close proximity to demand generators. Nearby attractions include the Stax Museum of American Soul Music (7 miles), Brown Park (8 miles), and Sun Studio (8 miles). Memphis International Airport is situated 3.7 miles from the property. The hotel is conveniently located near Interstate I-240, providing easy access to major routes in and out of Memphis, and close to Interstate 40, connecting to the broader region. Additional nearby attractions include the Pink Palace Museum (4.1 miles), Memphis Museum (4.2 miles), Elvis Presley's Graceland (6 miles), Memphis Brooks Museum of Art (6 miles), Liberty Bowl Memorial Stadium (6 miles), Graceland (8 miles), and the Memphis Zoo (8 miles). The property is less than a mile from American Way and 10 miles from Southland Mall. FedEx Headquarters is 13 miles away. The hotel is easily accessible by public transit, with bus stops located within walking distance. Regional One Health is 9 miles away, while Beale Street is 10 miles and the National Civil Rights Museum is 12 miles away.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Memphis Extended Stay ... Hotel & Motel LibertyX Bitcoin ATM Atm

Suggested Use

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

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

Location Insight

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  • Local Demand
City
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9199413
Latitude
35.0752466

FAQs

What type of property is this?
Hotel - Hotel with kitchenettes, high occupancy, and franchise conversion potential.
Where is this hotel located?
The property is located at 4300 American Way Memphis, TN.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: High occupancy hotel offering immediate income, with no brand affiliation.; **Kitchenettes in every suite** with microwave, two‑burner stove, and refrigerator, ideal for extended stays.; New roof installed in May 2018 with warranty.
More about this property
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