1599 N 6Th St West Memphis, AR 72301
Property profile & analytics
1599 N 6Th St West Memphis, AR 72301
- Commercial land
- 1.98 lot acres
Property ID
US05-2093569
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Commercial land
Property Details for 1599 N 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,200,000
- ML approach
- $1,270,000
Get a detailed, property-specific estimation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,927
$86,210
$0.00
$86,210
-
$431,050
$0.00
$431,050
