1936 Highway 45 BypJackson, TN 38305

Property Details for 1936 Highway 45 Byp

Year built

1972

Lot size

1.20 AC

Property size (Sq ft)

22,658 SF

Zone code

B5

Property type

Hospitality properties

Property subtype

Motels

APN

057055K C 00802

APU

057055KC00802

Description

This fully renovated, 48-unit SureStay Plus Hotel in Jackson, Tennessee, presents a compelling investment opportunity. Boasting 19,788 square feet on a 1.24-acre lot, this two-story property, built in 1972, offers an exceptional value at $2,400,000 ($121.29/sq ft). The hotel features an outdoor swimming pool and fitness center, and is conveniently located along major transportation routes, including Interstate 40. No capital expenditures (PIP) are required for the new buyer. The property is offered unencumbered of management, making it an ideal acquisition for owner-operators or first-time buyers. Jackson's diverse economy, encompassing manufacturing, healthcare, education, and retail, ensures a strong market for this strategically positioned mid-scale asset. The outdoor corridor design adds to the property's appeal. This is a chance to acquire a well-maintained, high-performing hotel in a thriving Tennessee city.

• CAP approach

  CAP return

  Valuation

  6%

  $5,882,637

  6.5%

  $5,430,126

  7%

  $5,042,260

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,151,082

  Geo Method

  $4,151,082

• Alternative Use

  Use

  Valuation

  Residential

  $5,928,120

  Hospitality

  $5,430,126

  Educational

  $4,517,802

  Medical

  $4,673,176

  Retail

  $7,027,691

Location Insight

City

Jackson

County

Madison

State

Tennessee

Latitude

35.6609

Longitude

-88.8523

CBSA code

27180

CBSA name

JACKSON, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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].