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3896 Lamar Ave
Memphis, TN 38118 Parkway Village

Price Upon Request

Hotel For Sale  •  70,622 SF

Property Details

  • Property Type Hotel
  • Total Building Size 70,622 SF
  • Lot Size 4.88 AC
  • Building Class C
  • Year Built 1972
  • Tenancy Multiple
  • Zoning CMU-3
30 Transit Score
40 Walk Score

Highlights

Located Close to Airport,Fedex & National Distribution Companies warehouses
Manager Apartment on site (4 Rooms) recently renovated
Interior Corridor with Solid Masonry Construction
Sports Bar n Grill on site with Full Bar License
High Upside Potential to generate more revenue
Conversion Opportunity to Extended Stay or Assisted Living

Financial Summary (Proforma)

Net Operating Income: $306,000 USD (2019)
Total Expenses: $695,000 USD

Major Tenants

Tenant SF Occupied Lease End Date
Aone Financial
La'Zodiac At Lamar/Getwell 6,051 SF
Real Value Inn-Memphis Airport 3,000 SF

Amenities

  • High Speed Internet Access
  • On-Site Bar
  • Meeting Event Space

Public Transportation

Commuter RailDriveWalkDistance
Central Station (Riverfront Loop - Memphis Area Transit Authority Trolley (MataTrolley)) 16 min - 9.9 mi
AirportDriveWalkDistance
Memphis International 8 min - 4.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 220
Type: Surface
Included in Rent: Yes