3404 Access Rd - Hospitality FOR SALE


Jonesboro, AR 72401
$5,700,000 USD
901-674-6105
3404 Access Rd, Jonesboro, AR for Sale
$5,700,000 USD
Hospitality - FOR SALE
1/2
null | 10.7% Cap Rate

3404 Access Rd
Jonesboro, AR 72401


OVERVIEW

• This hotel features 79 guest rooms in a 3-story interior corridor building, constructed in 2008. • Strategically located off Interstate 555, providing excellent visibility and convenient access for leisure and business travelers. • Total Revenue for the hotel for 2024 reached $1.59M. • In 2023, the property generated $1.80M in revenue with $581K Net Operating Income (32.32%). • In 2022, the property generated $1.86M in revenue with $617K Net Operating Income (33.18%). • Based on the November 2024 STR Report, the hotel’s T-12 RevPAR of $60.03 trails the Comp Set average of $73.90, highlighting a 19% growth opportunity through operational improvements, strategic management, and targeted marketing. • Recent upgrades include pool equipment, water heaters, TVs, washers, mattresses, and fitness equipment, with a Rise and Shine PIP completed in 2016. • Situated in Jonesboro, AR, a regional hub for industries like manufacturing, healthcare, and education. Located 70 miles from Memphis, TN, and 130 miles from Little Rock, AR. • Positioned 2.5 miles from Arkansas State University (13,000+ students), 1 mile from Regional Medical Ctr of NEA, and 3 miles from St. Bernard Hospital, ensuring consistent demand from diverse market segments. • Offered at a price per key of approx. $72.1K. o Year 1 Revenue approx. $1.80M o Year 1 Adjusted NOI approx. $612K

FOR SALE DETAILS

PRICE

$5,700,000 USD

PRICE/SF

$127 USD /SF

# OF ROOMS

79

PRICE/ROOM

$72,152 {currency}

CAP RATE

10.7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Suites Jonesboro

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2008

PARKING SPACES

121

LAND DETAILS

LAND ACRES

4.65 AC

LAND SF

202,554 SF

ZONING

-

APN/PARCEL ID

01-144284-06400

ASK ABOUT THIS PROPERTY

Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

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Suresh PatelMoon Realty USA, LLCMore Info
901-674-6105

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.