For Sale
$2,000,000
2240 Democrat Rd Memphis, TN 38132
Memphis Airport Hotel Redevelopment Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 136
Highlights
- Excellent location, less than one mile from Memphis International Airport.
- Strong historical performance: Achieved $5.2M in room revenue (2018-2019) as a Holiday Inn.
- 2736 S Nonconnah Blvd is a vacant, unbranded property ready for repositioning.
- 2240 Democrat Rd is under contract to become a Clarion Inn & Suites.
- Significant recent capital improvements at 2240 Democrat Rd: New roof ($500K+) and remediation ($400K+).
- Major economic driver: Ford's $5.6B electric vehicle plant will create nearly 6,000 jobs in West Tennessee.
Property Details for 2240 Democrat Rd
- Property type
- Land, Industrial properties
- Square Feet
- 269,708 SF
- Year Built
- 1975
- Lot Size (sq. ft)
- 325,829 SF
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.068970683985
- Longitude
- -89.989077998235
Nearby Similar for Sale
FAQs
- What type of property is this?
- Land - Memphis Airport Hotel Redevelopment Opportunity
- Where is the land located?
- The property is located at 2240 Democrat Rd Memphis, TN.
- What is the asking price?
- The asking price for this property is $2,000,000.
- What are key features of this property?
- This property features: Excellent location, less than one mile from Memphis International Airport.; Strong historical performance: Achieved $5.2M in room revenue (2018-2019) as a Holiday Inn.; 2736 S Nonconnah Blvd is a vacant, unbranded property ready for repositioning.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
