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Memphis Northeast near I-40 2855 Old Austin Peay Hwy 70 Room Hotel Memphis, TN 38128 For Sale

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INVESTMENT HIGHLIGHTS

  • Independent property
  • Immediate access to Highway 14 and Interstate 40
  • Built in 2000; renovated in 2016
  • Absentee ownership and a fully staffed operation

EXECUTIVE SUMMARY

2855 Old Austin Peay Hwy is an independent hospitality asset located within the Memphis Metro area. The property was originally built in 2000 and underwent a renovation in 2016, positioning it as a well-maintained offering with solid infrastructure. Its strategic location provides convenient access to Highway 14 and Interstate 40, supporting strong regional connectivity. The property is currently operated by an absentee owner and is fully staffed, creating a clear opportunity for operational upside through hands-on management.

PROPERTY FACTS

Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 1.23 AC
Building Size 21,012 SF
No. Rooms 70
No. Stories 3
Year Built/Renovated 2000/2016
Tenancy Single
Parking Ratio 3.05/1,000 SF
Corridor Interior
Zoning CMU-3

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • Wheelchair Accessible
  • Indoor Pool
  • Public Access Wifi
  • Smoke-Free
  • Hot Tub
  • Smoke Detector

ROOM MIX INFORMATION

DESCRIPTION NO. ROOMS DAILY RATE SF
Guest Room 70 $130.96 CAD -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
08-3021-0-0087
Land Assessment
$103,425 CAD
Improvements Assessment
$1,109,752 CAD
Total Assessment
$1,213,178 CAD
  • Listing ID: 39194590

  • Date on Market: 2026-01-23

  • Last Updated:

  • Address: 2855 Old Austin Peay Hwy, Memphis, TN 38128

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