4225 American Way - Hospitality FOR SALE


Memphis, TN 38118- Parkway Village
$6,150,000 USD
704-904-0480
4225 American Way, Memphis, TN for Sale
$6,150,000 USD
Hospitality - FOR SALE
1/22
null | Request Cap Rate

4225 American Way
Memphis, TN 38118
Parkway Village


HIGHLIGHTS

  • Prime location off I-240 with high visibility and easy access
  • 10 minutes from Memphis International Airport
  • Opportunity to convert to residential housing
  • Strong demand drivers: Corporate travelers, airport guests, and tourists
  • Revenue growth potential through marketing & operational efficiencies

OVERVIEW

Property Description NewGen Advisory is pleased to offer the Comfort Inn & Suites – Memphis, a 109-room, three-story, interior-corridor hotel ideally situated off I-240, just 10 minutes from Memphis International Airport. The hotel benefits from consistent demand drivers, including corporate travel, airport traffic, and visitors to Memphis’ world-renowned attractions like Graceland and the city’s iconic music scene. Currently operated by third-party management, the property presents a compelling opportunity for an owner-operator to step in, tighten operations, and grow revenue. A new owner can immediately implement hands-on strategies to maximize performance and capture untapped upside in a highly visible Memphis location. Location Description Memphis, Tennessee, is a vibrant city known for its rich musical heritage, particularly as the birthplace of blues, soul, and rock 'n' roll. It’s home to legendary landmarks like Graceland, the National Civil Rights Museum, and Beale Street, a bustling entertainment district. Situated on the Mississippi River, Memphis blends southern charm with a deep cultural history, making it a dynamic destination for music lovers, history enthusiasts, and those looking to experience the heart of Tennessee.

FOR SALE DETAILS

PRICE

$6,150,000 USD

PRICE/SF

$107 USD /SF

# OF ROOMS

109

PRICE/ROOM

$56,422 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Comfort Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2002

PARKING SPACES

150

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,703 SF

ZONING

OG

APN/PARCEL ID

07-3022-D0-0062

ASK ABOUT THIS PROPERTY

Roshan BhulaNewGen AdvisoryMore Info
704-904-0480

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Roshan BhulaNewGen AdvisoryMore Info
704-904-0480

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