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Memphis Hotel with Kitchenettes
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4300 American Way, Memphis, TN 38118

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

Property SizeContact for details
Days on Market708

Property Features for 4300 American Way

General Information

Standard status Active
Property subtype Hospitality

Building Details

Stories 3
Listing Agency: Numarix
Listed By: Raiyan Rab · License #365267
Source: Crexi
Added: Sep 22, 2024 Changed: Aug 25 Last Checked: Aug 29 at 10:27PM

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

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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.

Property Analytics

Current Use

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

Suggested Use

Top Pick Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

343
Businesses Nearby

Demographics for 38118, TN

39,627
Population
16,317
Households
2.4
Avg Household Size
32
Median Age
12%
College-Educated
79%
High-School Grad
30.5 sq mi
ZIP Area
1,299
Density / Sq Mi
$42,464
Median Household Income
$30,431
Median Earnings
$1,105
Median Rent
$95,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

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 $4,500,000.
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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