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4300 American Way
Memphis, TN 38118 Parkway Village

$2,950,000

Hotel For Sale  •  48,347 Sq Ft

Property Details

  • Property Type Hotel
  • Total Building Size 48,347 Sq Ft
  • Lot Size 2.21 ac
  • Building Class C
  • Year Built 1987
  • Tenancy Single
  • Zoning CP
0 Transit Score
40 Walk Score

Description

Well Performing Hotel with Average Occupancy over 85% as an Independent Named Hotel.Home 1 Extended Stay Hotel in Memphis TN Hotel has all Kitchenettes: Microwave, two burner stove top, and refrigerator. Security 24 Hour, Guest Laundry Room, Free High Speed Internet and many other amenities.Several National Franchise Conversion Brands Available such as Studio 6 , Red Roof etc. Great upside potential for Owner Operator. Brand New Roof with Warranty Installed May 2018. Hotel under Renovation.
Home 1 Extended Stay Suites - Memphis is located near and within walking distance of a variety of restaurants, shopping and attractions. Stax Museum of American Soul Music is 7 miles from the hotel. Brown Park is 8 miles from Home 1 Extended Stay, while Sun Studio is 8 miles away. The nearest airport is Memphis International Airport, 3.7 miles from the property.
Closest Landmarks
Pink Palace Museum
4.1 miles
Memphis Museum
4.2 miles
Elvis Presley's Graceland
6.2 miles
Graceland
6.3 miles
Memphis Brooks Museum of Art
6.3 miles

Highlights

All Suites Kitchenettes Rooms
Opportunity to Rebrand . Multiple Brand Options Available .
The nearest airport is Memphis International Airport, 3.7 miles from the property.
Absentee Owner
Well Performing Hotel with Average Occupancy over 85 % as an Independent Named Hotel

Amenities

  • Bus Line

Public Transportation

AirportDriveWalkDistance
Memphis International Airport 11 min - 6.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 200
Type: Surface
Included in Rent: Yes
Raiyan Rab 404-398-2090 Numarix Real Estate Services
Raiyan Rab 404-398-2090 Numarix Real Estate Services