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Auction - Feb 16-18 | The Rambler 400 South Main Street 18 Pièce Hôtel Memphis, TN 38103 1 247 796 $ CAD (69 322 $ CAD/Pièce)
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Upscale Boutique Apartment-Style Hotel with Full Kitchens and In-Suite Washer Dryer - Average 800 Square Feet
- Redevelopment and Finalist at the 2022 Building Memphis Awards for Best Renovation (Original Historic Construction in 1900)
- Long Term Commercial Lease to Simmons Bank with Additional Rental Income from Available Storefront (2,200 Sq. Ft)
- Absentee Institutionally Managed and Owned
- 10,000 Square Feet of Curated Amenity Space
- Potential Multi-Family Conversion
RÉSUMÉ DE L'ANNONCE
Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/2953
Starting Bid: $900,000
Auction Event: February 16-18, 2026
Marcus & Millichap is proud to present The Rambler Hotel, an upscale 18-Suite boutique hotel located in Downtown Memphis, TN. The property is being offered Fee Simple Unencumbered of Debt or Management. This historic revitalization was originally constructed in 1900 and had an extensive renovation in 2021 to its present state as an apartment-style lodging accommodation. The property was a Finalist at the 2022 Building Memphis Awards for Best Renovation, validating both execution quality and architectural relevance.
The property offers a distinctive experience with spacious loft-style units averaging 800 sq. ft., complete with full kitchens and comfortable living areas—ideal for business travelers and extended stays. Located in the vibrant & growing South Main Arts District, the hotel benefits from its proximity to cultural landmarks, Beale Street, the Mississippi River, and the National Civil Rights Museum. The Rambler hotel represents an attractive easy to manage apartment style investment with above market multifamily NOI and healthy in-place RevPAR of $126 with potential upside with a hands-on management and economies of scale from a regional/local presence.
A retail bank tenant occupies the ground floor on a long term lease providing in-place income that enhances overall yield stability with an additional 2,200 square feet available to lease out.
Starting Bid: $900,000
Auction Event: February 16-18, 2026
Marcus & Millichap is proud to present The Rambler Hotel, an upscale 18-Suite boutique hotel located in Downtown Memphis, TN. The property is being offered Fee Simple Unencumbered of Debt or Management. This historic revitalization was originally constructed in 1900 and had an extensive renovation in 2021 to its present state as an apartment-style lodging accommodation. The property was a Finalist at the 2022 Building Memphis Awards for Best Renovation, validating both execution quality and architectural relevance.
The property offers a distinctive experience with spacious loft-style units averaging 800 sq. ft., complete with full kitchens and comfortable living areas—ideal for business travelers and extended stays. Located in the vibrant & growing South Main Arts District, the hotel benefits from its proximity to cultural landmarks, Beale Street, the Mississippi River, and the National Civil Rights Museum. The Rambler hotel represents an attractive easy to manage apartment style investment with above market multifamily NOI and healthy in-place RevPAR of $126 with potential upside with a hands-on management and economies of scale from a regional/local presence.
A retail bank tenant occupies the ground floor on a long term lease providing in-place income that enhances overall yield stability with an additional 2,200 square feet available to lease out.
FAITS SUR LA PROPRIÉTÉ
| Prix | 1 247 796 $ CAD | Taille du lot | 0,40 AC |
| Prix par chambre | 69 322 $ CAD | Taille du bâtiment | 30 400 pi² |
| Type de vente | Investissement | Nombre de pièces | 18 |
| Type de propriété | Services hôteliers | Nombre d’étages | 3 |
| Sous-type de propriété | Hôtel | Année de construction/rénovation | 1900/2021 |
| Classe d’immeuble | B | Corridor | Intérieur |
| Zonage | SM | ||
| Prix | 1 247 796 $ CAD |
| Prix par chambre | 69 322 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Services hôteliers |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | B |
| Taille du lot | 0,40 AC |
| Taille du bâtiment | 30 400 pi² |
| Nombre de pièces | 18 |
| Nombre d’étages | 3 |
| Année de construction/rénovation | 1900/2021 |
| Corridor | Intérieur |
| Zonage | SM |
COMMODITÉS
- Ligne d'autobus
- Train de banlieue
- Piscine
- Affichage
- Commerce de détail sur place
- Accès Internet à haute vitesse
- Patio
- Accès Wi-Fi public
- Sans fumée
- Cuve thermale
- Cuisine entièrement équipée
- Suites multi-pièces
PIÈCE RENSEIGNEMENTS SUR LE MÉLANGE
| DESCRIPTION | NOMBRE DE PIÈCES | TAUX QUOTIDIEN | pi² |
|---|---|---|---|
| Suite | 18 | 449,21 $ CAD | - |
1 1
Walk Score®
Très pratique à pied (84)
Bike Score®
Très cyclable (74)
Impôts fonciers
| Numéro de lot | 00-2118-B0-0001C | Évaluation des bâtiments | 7 165 815 $ CAD |
| Évaluation du terrain | 455 307 $ CAD | Évaluation totale | 7 621 122 $ CAD |
Impôts fonciers
Numéro de lot
00-2118-B0-0001C
Évaluation du terrain
455 307 $ CAD
Évaluation des bâtiments
7 165 815 $ CAD
Évaluation totale
7 621 122 $ CAD
CONTACTS
-
Alexandre Duong -
Lucas Jalenak -
Ian Grusd -
Connor Curtin -
Bryce Dunks -
Marcus & Millichap
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Auction - Feb 16-18 | The Rambler | 400 South Main Street
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