Current Use by Public Records
- Casinos
Property Details for 7904 Craft-Goodman Rd
- Year built
- 2020
- Lot size
- 1.02 lot acres
- Property type
- Casinos
- Property subtype
- Hospitality properties
Description
This exceptional investment opportunity presents a fee-simple interest in the Best Western Plus Desoto, an 87-key, four-story hotel ideally situated in Olive Branch, Mississippi. Built in 2020, this 40,000-square-foot property boasts a prime location on 1.02 acres at the intersection of State Highway 78 and State Highway 302, offering excellent visibility and accessibility. The hotel benefits from convenient access to major interstates I-78, I-55, and I-40, placing it just 15 minutes from downtown Memphis and the Memphis International Airport. The property includes approximately 500 square feet of dedicated meeting space, catering to both business and leisure travelers. Its proximity to significant businesses, including FedEx headquarters (2 miles) and the William Sonoma distribution center (4 miles), further enhances its appeal and potential for consistent occupancy. Historical revenue data reveals strong performance, with figures exceeding $2.3 million annually in recent years, demonstrating the property's profitability and resilience. This represents a rare chance to acquire a well-established, recently constructed hotel in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Olive Branch
- County
- DeSoto
- State
- Mississippi
- Longitude
- -89.8517
- Latitude
- 34.9647
