Entity Owned Property summary
The Point Hotel is an independent, limited-service hotel with 70 rooms in a 3-story structure located at 2855 Old Austin Peay Highway in Metro Memphis’ Northeast I-40 corridor. The property comprises 21,012 square feet on a 1.23-acre lot and includes interior corridors, an elevator, and an indoor pool. Built in 2000, it was originally operated as a Sleep Inn and later as a Quality Inn, and was subsequently deflagged in December 2025. Recent property-related updates include full interior and exterior painting in 2023 and guest room carpet replacement in 2022, along with ongoing updates to rooms and common areas. The site is positioned in a submarket supported by nearby major employers and attractions, including FedEx operations and regional development related to Nike distribution and the Millington/Blue Oval City Ford Plant, as well as Shelby Farms Park, the Memphis Zoo, FedExForum, Liberty Stadium, and St. Jude Children’s Research Hospital. The property has access to Interstate 40 and Memphis International Airport and is surrounded by amenities such as fast-casual dining, retail, and gas stations.
Property profile
VerifiedCap rate & NOI
Current use
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Hotel & Motel
Location
Value estimations
Owner & transaction history
Zoning & alternative use
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
CMU-3 · Memphis, TN3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
3. Commercial Mixed Use - 3 (CMU-3) The CMU -3 District is intended to accommodate a very broad range of high intensity commercial, office and employment uses that require highly visible and highly accessible locations w…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for CMU-3 in Memphis, TN.
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