This Hospitality Property is no longer advertised on LoopNet.com.

1280 W Poplar Ave
Collierville, TN 38017
 Hampton Inn Memphis/Collierville · Hospitality Property For Sale · 52,224 SF

Hotels Tennessee Collierville 1280 W Poplar Ave, Collierville, TN 38017

INVESTMENT HIGHLIGHTS

  • Fee-simple interest in the 92-room, institutionally-owned and third-party managed Hampton Inn offered at a fraction of replacement cost.
  • Offered unencumbered of management or debt with the ability to retain the Hilton flag with a new long-term license agreement.
  • Minimal PIP anticipated with $2MM of completed renovation work in recent years.
  • Property offered for individual sale in the May 3rd Ten-X auction event.
  • In-place +100 RevPAR and strong in-place walk-in yield.
  • Adjacent to US-385 and US-72 with upwards of 26,500 vehicles passing the location daily and readily accessible to heavily trafficked I-269 and I-240.

PROPERTY FACTS

Sale Condition Auction Sale
Type of Ownership Fee Simple
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 3.62 AC
Building Size 52,224 SF
No. Stories 3
Year Built/Renovated 1997/2005
Tenancy Single
Parking Ratio 1.9/1,000 SF
Corridor Interior
Zoning SCC

AMENITIES

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Patio
  • Public Access Wifi
  • Smoke-Free
  • Digital key

PROPERTY TAXES

Parcel Number C0-244A-00-309C Improvements Assessment $2,210,320
Land Assessment $419,440 Total Assessment $2,629,760
Print
 

  • Listing ID: 27938504

  • Date on Market: 3/9/2023

  • Last Updated:

  • Address: 1280 W Poplar Ave, Collierville, TN 38017

The Hospitality Property at 1280 W Poplar Ave, Collierville, TN 38017 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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