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    1599 6Th St West Memphis, AR 72301

    Sponsored
    For Sale
    Contact for pricing

    Dual-branded hotel, 143 keys, opening soon.

    Property size:
    71,013 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a brand-new, dual-branded Avid/Candlewood Suites hotel in West Memphis, Arkansas. Projected to open December 30, 2024, this five-story, 71,013 square foot property boasts 143 keys and sits on a 1.98-acre lot. The hotel's strategic location, just one mile from the I-55 and I-40 intersection with excellent visibility from I-40, ensures high traffic and accessibility. The property features convenient access to major highways and nearby national retailers such as Cracker Barrel, Kroger, Chick-fil-A, and Walmart. Amenities include an indoor/outdoor pool, a fitness center, a business center, and complimentary Wi-Fi, catering to both short-term and extended-stay guests. The dual-branded approach offers a blend of modern comfort (Avid) and spacious, fully-equipped suites (Candlewood Suites), maximizing occupancy potential. Projected occupancy and revenue figures are strong, with Year 1 projected revenue at $4,327,435 (68% occupancy), increasing to $5,379,234 (75% occupancy) by Year 5. This is a turnkey opportunity to acquire a high-quality, newly constructed hotel in a prime location with significant growth potential. The building includes 143 parking spaces. This is a rare chance to own a modern, efficient, and profitable hospitality asset.

    Property Features for 1599 6Th St

    General Information

    Property type
    Hotels
    Square Feet
    71,013 SF
    Lot Size
    86,249 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    5

    HighLights

    • 143‑room, five‑story hotel on 1.98± acres.
    • Prime location, one mile from I‑55 & I‑40 interchange, with I‑40 visibility.
    • Planned amenities: indoor/outdoor pool, fitness center, business center, and complimentary Wi‑Fi.
    • Excellent proximity to national retailers including Cracker Barrel, Kroger, Chick‑fil‑A, and Walmart.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Memphis
    County
    Crittenden
    State
    Arkansas
    Longitude
    -90.177073136926
    Latitude
    35.163661211619

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    FAQs

    What type of property is this?
    Hotel - Dual-branded hotel, 143 keys, opening soon.
    Where is this hotel located?
    The property is located at 1599 6Th St West Memphis, AR.
    What are key features of this property?
    This property features: 143-room, five-story hotel on 1.98± acres.; Prime location, one mile from I-55 & I-40 interchange, with I-40 visibility.; Planned amenities: indoor/outdoor pool, fitness center, business center, and complimentary Wi-Fi.
    Request Owner's contact information
    1599 6Th St West Memphis, AR 72301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1599 6Th St West Memphis, AR 72301
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