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    7840 Craft-Goodman Rd Olive Branch, MS 38654

    For Sale
    Contact for pricing

    95-Room Marriott Suites Hotel in MS

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional investment opportunity presents a 95-key TownePlace Suites by Marriott hotel, a 4-story building constructed in 2020. Situated on a 3.97-acre lot in Olive Branch, Mississippi, this property enjoys a prime location just 15 minutes from downtown Memphis, Tennessee. The hotel boasts spacious suites, each equipped with a full kitchen, catering to extended-stay guests. Amenities include a complimentary hot breakfast served daily, an inviting outdoor swimming pool, and a tranquil garden area. This offering includes a fee simple interest in the property. Note: This hotel is sold as a package deal with an adjacent hotel. The property's strategic location within the Memphis submarket offers significant potential for strong returns. The modern design and high-quality amenities ensure a comfortable and convenient stay for guests, contributing to consistent occupancy rates. This represents a rare chance to acquire a well-established, high-performing hospitality asset in a thriving market. The property's recent construction minimizes immediate capital expenditure needs, allowing for a swift return on investment. This is an ideal opportunity for investors seeking a stable and profitable addition to their portfolio.

    Property Features for 7840 Craft-Goodman Rd

    General Information

    Property type
    Hotels
    Lot Size
    172,933 SF

    Building Details

    Year Built
    2020
    Buildings
    1
    Stories
    4

    HighLights

    • 4‑story, 95‑room TownePlace Suites by Marriott hotel on a 3.97‑acre lot.
    • Built in 2020.
    • Prime location 15 minutes from downtown Memphis, TN.
    • Fee simple ownership.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Olive Branch
    County
    DeSoto
    State
    Mississippi
    Longitude
    -89.852744
    Latitude
    34.965606

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    FAQs

    What type of property is this?
    Hotel - 95-Room Marriott Suites Hotel in MS
    Where is this hotel located?
    The property is located at 7840 Craft-Goodman Rd Olive Branch, MS.
    What are key features of this property?
    This property features: 4-story, 95-room TownePlace Suites by Marriott hotel on a 3.97-acre lot.; Built in 2020.; Prime location 15 minutes from downtown Memphis, TN.
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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
    7840 Craft-Goodman Rd Olive Branch, MS 38654
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