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Millington Inn 7920 US Highway 51 N 32 Pièce Hôtel Millington, TN 38053 1 776 138 $ CAD (55 504 $ CAD/Pièce)
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Faits saillants de l'investissement
- Located north of Downtown Memphis
- Ideal investment for first time buyer, owner- operator
- Opportunity to redevelop land or convert to apartments
- Ability to open all 48 rooms to increase revenue
Résumé de l'annonce
Kishan Gohel of NewGen Advisory is pleased to
present the sale of the Millington Inn, a 48-room
exterior corridor hotel in Millington, Tennessee,
located just 15 minutes north of Memphis along
US Highway 51. Built in 1950, the property sits on
1.57 acres and features over 22,000 square feet,
including a three-bedroom, two-bath owner’s
quarters attached to the lobby—ideal for an
owner-operator. The property received a new roof
in 2023 as part of recent capital improvements.
The Millington Inn offers a strong value-add
opportunity, with only 25 of the 48 rooms
currently in operation, allowing significant upside
through increased occupancy and improved
management. The property is also positioned to
benefit from the $60 million redevelopment of the
former Memphis International Raceway into
Darana Motorsports Park Millington, located
approximately 7.4 miles away and scheduled to
open October 15–18, 2026, which is expected to
drive increased lodging demand. Combined with
its Opportunity Zone location and proximity to key
demand drivers, the asset presents an attractive
investment for a hands-on buyer.
present the sale of the Millington Inn, a 48-room
exterior corridor hotel in Millington, Tennessee,
located just 15 minutes north of Memphis along
US Highway 51. Built in 1950, the property sits on
1.57 acres and features over 22,000 square feet,
including a three-bedroom, two-bath owner’s
quarters attached to the lobby—ideal for an
owner-operator. The property received a new roof
in 2023 as part of recent capital improvements.
The Millington Inn offers a strong value-add
opportunity, with only 25 of the 48 rooms
currently in operation, allowing significant upside
through increased occupancy and improved
management. The property is also positioned to
benefit from the $60 million redevelopment of the
former Memphis International Raceway into
Darana Motorsports Park Millington, located
approximately 7.4 miles away and scheduled to
open October 15–18, 2026, which is expected to
drive increased lodging demand. Combined with
its Opportunity Zone location and proximity to key
demand drivers, the asset presents an attractive
investment for a hands-on buyer.
Faits sur la propriété
| Prix | 1 776 138 $ CAD | Taille du bâtiment | 15 300 pi² |
| Prix par chambre | 55 504 $ CAD | Nombre de pièces | 32 |
| Type de vente | Investissement | Nombre d’étages | 1 |
| Type de propriété | Services hôteliers | Année de construction/rénovation | 1950/2012 |
| Sous-type de propriété | Hôtel | Ratio de stationnement | 1,09/1 000 pi² |
| Classe d’immeuble | C | Corridor | Extérieur |
| Taille du lot | 1,57 AC | Zone de développement économique |
Oui
|
| Zonage | B-2 | ||
| Prix | 1 776 138 $ CAD |
| Prix par chambre | 55 504 $ CAD |
| Type de vente | Investissement |
| Type de propriété | Services hôteliers |
| Sous-type de propriété | Hôtel |
| Classe d’immeuble | C |
| Taille du lot | 1,57 AC |
| Taille du bâtiment | 15 300 pi² |
| Nombre de pièces | 32 |
| Nombre d’étages | 1 |
| Année de construction/rénovation | 1950/2012 |
| Ratio de stationnement | 1,09/1 000 pi² |
| Corridor | Extérieur |
| Zone de développement économique |
Oui |
| Zonage | B-2 |
Commodités
- Accès Internet à haute vitesse
- Patio
- Accès Wi-Fi public
Pièce renseignements sur le mélange
| Description | Nombre de pièces | Taux quotidien | pi² |
|---|---|---|---|
| Guest Room | 32 | 92,36 $ CAD | - |
1 1
Assez accessible à pied
40/100
Exceptionnellement adapté aux voitures
100/100
Relativement accessible en vélo
20/100
Impôts fonciers
| Numéro de lot | M0-115I-D0-0002 | Évaluation des bâtiments | 156 091 $ CAD |
| Évaluation du terrain | 131 724 $ CAD | Évaluation totale | 287 815 $ CAD |
Impôts fonciers
Numéro de lot
M0-115I-D0-0002
Évaluation du terrain
131 724 $ CAD
Évaluation des bâtiments
156 091 $ CAD
Évaluation totale
287 815 $ CAD
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Présenté par
Entreprise non fournie
Millington Inn | 7920 US Highway 51 N
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