8635 US Highway 64 - Hospitality FOR SALE


Memphis, TN 38133- Wolfchase
$7,900,000 USD
470-342-2102
8635 US Highway 64, Memphis, TN for Sale
$7,900,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

8635 US Highway 64
Memphis, TN 38133
Wolfchase


HIGHLIGHTS

  • Exceptional visibility and accessibility near Interstate 40 and major Memphis arteries.
  • Positioned within a high-demand commercial corridor in the Cordova submarket.
  • Features include meeting space, business center, fitness center, and high-speed internet access.
  • Located near regional shopping, restaurants, and key business hubs.
  • CMU-3 zoning allows adaptability for future redevelopment options.

OVERVIEW

Positioned along U.S. 64 within the Cordova submarket, this fully occupied hospitality property presents a rare acquisition opportunity in Memphis’ dynamic commercial landscape. Spanning 47,669 SF across 108 units, the Best Western Plus Galleria Inn & Suites combines steady income performance with growth potential in a high-traffic corridor just off I-40. Existing CMU-3 zoning enhances the asset’s versatility, ensuring long-term adaptability for future redevelopment or brand repositioning. The property benefits from its strategic location within a thriving retail and lodging corridor, surrounded by national retailers, dining, and service amenities. Robust connectivity via nearby interstates ensures seamless access to downtown Memphis as well as the broader Memphis metropolitan area. For investors seeking an income-producing asset, this hotel boasts stabilized operations with 100% occupancy and an established brand presence for continued revenue reliability. This offering is ideal for investors looking to capitalize on Memphis’ hospitality sector and maintain strong portfolio performance in a market poised for sustained economic activity.

FOR SALE DETAILS

PRICE

$7,900,000 USD

PRICE/SF

$166 USD /SF

# OF ROOMS

108

PRICE/ROOM

$73,148 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Best Western Plus Galleria Inn & Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1989

PARKING SPACES

125

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

CMU-3

APN/PARCEL ID

09-2007-0-0034

ASK ABOUT THIS PROPERTY

Asna BaigSVN | Second Story Real Estate ManagementMore Info
470-342-2102

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Asna BaigSVN | Second Story Real Estate ManagementMore Info
470-342-2102

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