7904 Craft-Goodman RdOlive Branch, MS 38654

Property Details for 7904 Craft-Goodman Rd

Year built

2020

Lot size

1.02 AC

Property size (Sq ft)

40,000 SF

Property type

Sports & entertainment properties

Property subtype

Casinos

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.

Location Insight

City

Olive Branch

County

DeSoto

State

Mississippi

Latitude

34.9647

Longitude

-89.8517

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