3076 Kirby Pkwy Memphis, TN 38115-7718

Property Details for 3076 Kirby Pkwy

Year built

1998

Lot size

2.57 lot acres

Property size

51,804 SF

Zone code

CMU-2

Property type

Hotels

APN

093-200- - -00414

APU

9320000414

Description

This exceptional investment opportunity presents a 96-room Courtyard by Marriott hotel in Memphis, Tennessee. The property boasts a prime location off Route 385 and I-240 in East Memphis, offering convenient access to Germantown, Memphis International Airport, FedEx Headquarters, and International Paper. The three-story hotel, situated on approximately 0.28 acres, underwent a complete renovation in 2024, ensuring modern amenities and updated facilities for guests. With a total of 34,536 square feet, the hotel features 309 keys and approximately 630 square feet of meeting space, catering to both business and leisure travelers. The property is offered unencumbered by management agreements or debt, providing a clean and attractive investment opportunity. The hotel's strategic location within a rapidly growing area of Memphis promises strong occupancy rates and significant return on investment. This fee-simple ownership offers a rare chance to acquire a well-maintained, high-performing hotel in a thriving market. The property's recent renovation ensures long-term operational efficiency and minimizes immediate capital expenditure needs. This is an ideal acquisition for investors seeking a stable and profitable addition to their portfolio. The single building structure simplifies management and maintenance, further enhancing the property's appeal.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.8428

Latitude

35.0635

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments