4300 American Way Memphis, TN 38118
Property profile & analytics
4300 American Way, Memphis, TN 38118
- Hotels
- 5,440 SF
- 2.22 lot acres
Property ID
US80-1650132
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
- Memphis Extended Stay Memphis, TN / Hotel & Motel
- LibertyX Bitcoin ATM / Atm
Property Details for 4300 American Way
- Year built
- 1987
- Lot size
- 2.22 lot acres
- 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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,070,000
- ML approach
- $2,305,000
-
Alternative Use
- Use
- Estimation
- RESTAURANT
- $1,675,000
Get a detailed, property-specific estimation — fast and free
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
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
2022
$40,931
$185,880
$486,040
$671,920
-
$464,700
$1,215,100
$1,679,800
