4300 American Way Memphis, TN 38118
- Hotels
- 5,440 SF
- 2.22 lot acres
Current Use by Public Records
- Memphis Extended Stay Memphis, TN / Hotel / Extended Stay Hotel
- LibertyX Bitcoin ATM / Atm
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,500,000
- 6.5%
- $2,705,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,455,000
- Geo Method
- $2,615,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,220,000
- Retail
- $2,600,000
- Mixed-Use
- $2,195,000
- Hospitality
- $2,165,000
- Educational
- $2,900,000
- Residential Income
- $2,495,000
- Energy
- $2,575,000
- Income-Based Land
- $2,345,000
- Food Service
- $2,245,000
Location Insight
- Map
- Local Demand
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Longitude
- -89.9197
- Latitude
- 35.0754
- CBSA code
- 32820
- CBSA name
- MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA
