4300 American Way Memphis, TN 38118

Property Details for 4300 American Way

Year built

1987

Lot size

2.22 lot acres

Property size

5,440 SF

Zone code

CMU-2

Property type

Hotels

Property subtype

Motels

APN

073-022- - -00325

APU

7302200325

Description

This exceptional 120-key extended-stay hotel in Memphis, Tennessee, presents a lucrative investment opportunity. Boasting a prime location near I-240 and I-40, this three-story property offers convenient access to major highways, connecting guests to the broader region and numerous attractions. The hotel is situated on a 2.21-acre lot and features amenities including kitchenettes (microwave, two-burner stovetop, refrigerator), 24-hour security, guest laundry, and free high-speed internet. Its strong performance is underscored by consistently high occupancy rates, even without major brand affiliation, making it an attractive prospect for owner-operators. Several national franchise conversion brands are available, offering further upside potential. The property benefits from its proximity to key demand generators, including Memphis International Airport (3.7 miles), the Stax Museum (7 miles), and numerous other attractions such as Graceland, the Memphis Zoo, and various museums. Convenient access to dining, shopping (Southland Mall is 10 miles away), and healthcare facilities (Regional One Health is 9 miles away) further enhances its appeal. The hotel also includes a licensed convenience store, generating an additional income stream. A brand-new roof installed in 2018 comes with a warranty, ensuring long-term cost savings. Bank financing is available. This is a rare opportunity to acquire a well-established, high-performing hotel in a thriving Memphis location.

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Longitude

-89.9197

Latitude

35.0754

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments