For Sale
$2,000,000
2240 Democrat RdMemphis, TN 38132
Memphis Airport Hotel Redevelopment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 109
Highlights
- Excellent location, less than one mile from Memphis International Airport.
- Strong historical performance: Achieved $5.2M in room revenue (2018-2019) as a Holiday Inn.
- 2736 S Nonconnah Blvd is a vacant, unbranded property ready for repositioning.
- 2240 Democrat Rd is under contract to become a Clarion Inn & Suites.
- Significant recent capital improvements at 2240 Democrat Rd: New roof ($500K+) and remediation ($400K+).
- Major economic driver: Ford's $5.6B electric vehicle plant will create nearly 6,000 jobs in West Tennessee.
Property Details for 2240 Democrat Rd
- Property type
- Land, Industrial properties
- Square Feet
- 269,708 SF
- Year Built
- 1975
- Lot Size (sq. ft)
- 325,829 SF
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.068970683985
- Longitude
- -89.989077998235
2240 Democrat Rd, Memphis, Tennessee
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