1599 6Th St West Memphis, AR 72301
- Commercial land
- 1.98 lot acres
Current Use by Public Records
- Commercial land
Property Details for 1599 6Th St
- Lot size
- 1.98 lot acres
- 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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- West Memphis
- County
- Crittenden
- State
- Arkansas
- Longitude
- -90.1766
- Latitude
- 35.1636
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
