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Coming To Auction: 2501 South Service Road 2501 S Service Rd 81 Room Hotel West Memphis, AR 72301 For Sale
Investment Highlights
- Original Construction: 1985 – with nearly $500k in improvements made since 2022.
- Convenient Location – set along I-40 and within 1.0mi of the I-40/I-55 Interchange.
- Compelling Basis Opportunity – providing the next owner with flexibility to make necessary improvements.
- 81 Total Units – all efficiency style floor plans.
- Pool onsite and large parking area with space for additional amenities.
- Surrounding efficiency and small 1-bedroom average rents: $600
Executive Summary
Coming to Auction
Starting Bid: $1
Bid Dates: July 13th – July 15th
Starting Bid: $1
Bid Dates: July 13th – July 15th
Property Facts
| Sale Type | Investment | No. Rooms | 81 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built/Renovated | 1985/2005 |
| Building Class | C | Parking Ratio | 5.98/1,000 SF |
| Lot Size | 2.72 AC | Corridor | Exterior |
| Building Size | 24,432 SF | ||
| Zoning | C-2 - Open Display Commercial District | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.72 AC |
| Building Size | 24,432 SF |
| No. Rooms | 81 |
| No. Stories | 3 |
| Year Built/Renovated | 1985/2005 |
| Parking Ratio | 5.98/1,000 SF |
| Corridor | Exterior |
| Zoning | C-2 - Open Display Commercial District |
Amenities
- Pool
- High Speed Internet Access
- Patio
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 81 | $83.77 CAD | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 391-089000-000 | Improvements Assessment | $316,012 CAD |
| Land Assessment | $94,740 CAD | Total Assessment | $410,752 CAD |
Property Taxes
Parcel Number
391-089000-000
Land Assessment
$94,740 CAD
Improvements Assessment
$316,012 CAD
Total Assessment
$410,752 CAD
Contacts
-
Caleb Frizzell -
Robert Anderson -
Matthews Real Estate Investment Services, Inc.
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Videos
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Photos
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Coming To Auction: 2501 South Service Road | 2501 S Service Rd
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