4068 Stansell CtMemphis, TN 38125

Property Details for 4068 Stansell Ct

Year built

2003

Lot size

2.45 AC

Property size (Sq ft)

50,376 SF

Zone code

CA

Property type

Hospitality properties

Property subtype

Hotels

APN

D02-42 - - -00360

APU

D024200360

Description

This exceptional investment opportunity presents a newly renovated 89-key Holiday Inn Express & Suites hotel, ideally situated in Memphis, Tennessee's thriving Southwind neighborhood. The three-story property boasts a substantial 33,584 square feet of space, comfortably nestled on a 2.44-acre lot. Built in 2003, this hotel has recently undergone a complete renovation, ensuring modern amenities and optimal guest experience. Its prime location along Bill Morris Parkway, conveniently positioned between Interstates 240 and 269, and just off Highway 385, provides unparalleled access to major transportation arteries. The hotel's proximity to FedEx International Headquarters and the Southwind corporate area guarantees a consistent stream of business travelers. Furthermore, the property offers a range of attractive amenities designed to enhance guest satisfaction, including an outdoor pool, a well-equipped fitness center, a dedicated meeting room, and a convenient business center. This institutional-grade investment presents a compelling opportunity for discerning buyers seeking a high-return hospitality asset in a dynamic market. The property's strong location, recent renovations, and established brand recognition combine to create a truly exceptional investment prospect. This turnkey operation is ready for immediate income generation. The hotel's 89 rooms provide ample capacity to cater to a diverse range of guests, ensuring consistent occupancy rates. Located at 4068 Stansell Ct, Memphis, TN 38125, this property is ready for a new owner to capitalize on its potential.

• CAP approach

  CAP return

  Valuation

  6%

  $8,244,314

  6.5%

  $7,610,136

  7%

  $7,066,554

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,229,185

  Geo Method

  $9,229,185

• Alternative Use

  Use

  Valuation

  Residential

  $8,308,057

  Hospitality

  $7,610,136

  Educational

  $6,331,544

  Medical

  $6,549,295

  Retail

  $9,849,068

Location Insight

City

Memphis

County

Shelby

State

Tennessee

Latitude

35.037

Longitude

-89.7975

CBSA code

32820

CBSA name

MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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