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4300 American Way Memphis, TN 38118

Sponsored
For Sale
$5,850,000

120-key hotel, high occupancy, great potential.

Description

Added:
Dec 11, 2024
Days on Market:
393
This exceptional 120-key extended-stay hotel in Memphis, Tennessee, presents a lucrative investment opportunity. Boasting a prime location near I-240 and I-40, this three-story property offers convenient access to major highways, connecting guests to the broader region and numerous attractions. The hotel is situated on a 2.21-acre lot and features amenities including kitchenettes (microwave, two-burner stovetop, refrigerator), 24-hour security, guest laundry, and free high-speed internet. Its strong performance is underscored by consistently high occupancy rates, even without major brand affiliation, making it an attractive prospect for owner-operators. Several national franchise conversion brands are available, offering further upside potential. The property benefits from its proximity to key demand generators, including Memphis International Airport (3.7 miles), the Stax Museum (7 miles), and numerous other attractions such as Graceland, the Memphis Zoo, and various museums. Convenient access to dining, shopping (Southland Mall is 10 miles away), and healthcare facilities (Regional One Health is 9 miles away) further enhances its appeal. The hotel also includes a licensed convenience store, generating an additional income stream. A brand-new roof installed in 2018 comes with a warranty, ensuring long-term cost savings. Bank financing is available. This is a rare opportunity to acquire a well-established, high-performing hotel in a thriving Memphis location.

Property Features for 4300 American Way

General Information

Property type
Hotels
Lot Size
96,268 SF

Building Details

Stories
3

HighLights

  • 120 guest rooms
  • Exterior corridor access
  • 2.21‑acre lot
  • Three‑story building
  • New roof installed in 2018 with warranty
  • Bank financing available
Property Profile Location Intelligence

Current Use by Public Records

Memphis Extended Stay ... Hotel LibertyX Bitcoin ATM Atm

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
Memphis
County
Shelby
State
Tennessee
Longitude
-89.9196422
Latitude
35.0752619

FAQs

What type of property is this?
Hotel - 120-key hotel, high occupancy, great 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 $5,850,000.
What are key features of this property?
This property features: 120 guest rooms; Exterior corridor access; 2.21-acre lot
More about this property
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