1599 6Th StWest Memphis, AR 72301

Property Details for 1599 6Th St

Lot size

1.98 AC

Property type

Commercial land

APN

384574300000

APU

384574300000

Description

This exceptional investment opportunity presents a brand-new, dual-branded Avid/Candlewood Suites hotel in West Memphis, Arkansas. Projected to open December 30, 2024, this five-story, 71,013 square foot property boasts 143 keys and sits on a 1.98-acre lot. The hotel's strategic location, just one mile from the I-55 and I-40 intersection with excellent visibility from I-40, ensures high traffic and accessibility. The property features convenient access to major highways and nearby national retailers such as Cracker Barrel, Kroger, Chick-fil-A, and Walmart. Amenities include an indoor/outdoor pool, a fitness center, a business center, and complimentary Wi-Fi, catering to both short-term and extended-stay guests. The dual-branded approach offers a blend of modern comfort (Avid) and spacious, fully-equipped suites (Candlewood Suites), maximizing occupancy potential. Projected occupancy and revenue figures are strong, with Year 1 projected revenue at $4,327,435 (68% occupancy), increasing to $5,379,234 (75% occupancy) by Year 5. This is a turnkey opportunity to acquire a high-quality, newly constructed hotel in a prime location with significant growth potential. The building includes 143 parking spaces. This is a rare chance to own a modern, efficient, and profitable hospitality asset.

• Alternative Use

  Use

  Valuation

  Residential

  $14,224,266

  Hospitality

  $13,029,351

  Educational

  $10,840,267

  Medical

  $11,213,080

  Retail

  $16,862,638

Location Insight

City

West Memphis

County

Crittenden

State

Arkansas

Latitude

35.1636

Longitude

-90.1766

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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