1471 Brooks Rd Memphis, TN 38116
177 Units, $8M, Value-Add Potential
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Fully approved multifamily conversion of a 177-unit Travelodge hotel in Memphis, TN.
- 5.5-acre lot with 330 parking spaces and an additional 0.76-acre undeveloped corner lot.
- Existing amenities include a large pool with bar and stage, fitness center, 5,000 sq ft of conference space, and multiple food & beverage outlets.
- Three elevators and interior corridors.
- $8,000,000 asking price; $1,600/sq ft; $37,383.18 per key.
Property Details for 1471 Brooks Rd
- Property type
- Retirement homes, Mixed-use properties
- Square Feet
- 5,000 SF
- Class
- B
- Stories
- 4
- Lot Size (sq. ft)
- 239,580 SF
- Units
- 177
Location Insight
- City
- Memphis
- County
- Shelby
- State
- Tennessee
- Latitude
- 35.0600313
- Longitude
- -90.0147924
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retirement home - 177 Units, $8M, Value-Add Potential
- Where is the retirement home located?
- The property is located at 1471 Brooks Rd Memphis, TN.
- What is the asking price?
- The asking price for this property is $8,000,000.
- What are key features of this property?
- This property features: Fully approved multifamily conversion of a 177-unit Travelodge hotel in Memphis, TN.; 5.5-acre lot with 330 parking spaces and an additional 0.76-acre undeveloped corner lot.; Existing amenities include a large pool with bar and stage, fitness center, 5,000 sq ft of conference space, and multiple food & beverage outlets.
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