7840 Craft-Goodman Rd Olive Branch, MS 38654
- Hospitality properties
- 3.97 lot acres
Current Use by Public Records
- Isalis / Gift Shop / Boutique
- Party City / Costume Store / Party Store
- Skunk Funk / Wholesaler / Clothing Store
- Carl's Trading Co / Hat Shop
- Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop
Property Details for 7840 Craft-Goodman Rd
- Year built
- 2020
- Lot size
- 3.97 lot acres
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olive Branch
- County
- DeSoto
- State
- Mississippi
- Longitude
- -89.8527
- Latitude
- 34.9656
