5811 Poplar Ave
Memphis, TN 38119
Poplar Inn & Suites · Hospitality Property For Sale
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71,310 SF
INVESTMENT HIGHLIGHTS
- Fee-simple interest in the 140-room, institutionally-owned and Hilton brand-managed Homewood Suites by Hilton Memphis-Poplar
PROPERTY FACTS
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 4.43 AC |
| Construction Status | Converted |
| Building Size | 71,310 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2015 |
| Tenancy | Single |
| Parking Ratio | 2.09/1,000 SF |
| Corridor | Exterior |
| Zoning | CMU-3 |
AMENITIES
- Business Center
- Fitness Center
- Pool
- Restaurant
- High Speed Internet Access
- Patio
- Meeting Event Space
- Public Access Wifi
- Smoke-Free
- Multi-Room Suites
- Digital key
ABOUT 5811 POPLAR AVE , MEMPHIS, TN 38119
Directly accessible to and visible from Poplar Avenue / US Route 72 and adjacent to Interstate 240 – in one of the most heavily trafficked interstate corridors for all of Tennessee with upwards of 140,000 vehicles passing the location daily Ideally situated within the Poplar commercial corridor and less than one mile from the 42-acre / 479-bed St Francis Hospital-Memphis campus – one of the submarkets largest employers Approximately seven miles from FedEx World Headquarters, the single largest employer in the entire Memphis MSA; currently employs ~30,000 people regionally Located in the heart of the Memphis MSA and proximate to all key regional demand drivers including Beale Street, Graceland, and Memphis International Airport (with +5% passenger growth in 2019 and with January 2020 showing a nearly 8% increase over 2019 figures)
PROPERTY TAXES
| Parcel Number | 08-1001-0-0005 | Improvements Assessment | $384,560 |
| Land Assessment | $1,694,240 | Total Assessment | $2,078,800 |
