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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

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    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
    Request Owner's contact information
    4300 American Way Memphis, TN 38118
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    Memphis, TN 38118
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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
    4300 American Way Memphis, TN 38118
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