For Sale
Call for price

7904 Craft-Goodman RdOlive Branch, MS 38654

Profitable Mississippi Hotel, Excellent Location

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a fee-simple interest in the Best Western Plus Desoto, an 87-key, four-story hotel ideally situated in Olive Branch, Mississippi. Built in 2020, this 40,000-square-foot property boasts a prime location on 1.02 acres at the intersection of State Highway 78 and State Highway 302, offering excellent visibility and accessibility. The hotel benefits from convenient access to major interstates I-78, I-55, and I-40, placing it just 15 minutes from downtown Memphis and the Memphis International Airport. The property includes approximately 500 square feet of dedicated meeting space, catering to both business and leisure travelers. Its proximity to significant businesses, including FedEx headquarters (2 miles) and the William Sonoma distribution center (4 miles), further enhances its appeal and potential for consistent occupancy. Historical revenue data reveals strong performance, with figures exceeding $2.3 million annually in recent years, demonstrating the property's profitability and resilience. This represents a rare chance to acquire a well-established, recently constructed hotel in a thriving market.

Highlights

  • Fee simple ownership of the Best Western Plus Desoto hotel.
  • 87-room, four-story hotel on a 1.02-acre lot.
  • New construction completed in 2020.
  • High-visibility location at the intersection of State Hwy. 78 and State Hwy. 302.
  • 500 square feet of dedicated meeting space.
  • Two miles from FedEx headquarters and four miles from the Williams Sonoma distribution center.

Property Details for 7904 Craft-Goodman Rd

Property type
Casinos, Hospitality properties
Square Feet
40,000 SF
Year Built
2020
Buildings
1
Stories
4
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Olive Branch
County
DeSoto
State
Mississippi
Latitude
34.9646803
Longitude
-89.8516822
7904 Craft-Goodman Rd, Olive Branch, Mississippi

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
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 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 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].
7904 Craft-Goodman Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message