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    1471 E Brooks Rd E

    Memphis, TN 38116
    • $5,800,000
    • STATUS: Active
    • ON SITE: 21 days
    • ID#: 10088458
    UPDATED: 80 min ago
    $5,800,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    County:

    School Ratings & Info

    Description

    This potential in this hotel for a new owner/operator cannot be described in so few words. The OM will be out in next few days and with signed CA interested parties can be granted access to DD room where you will find everything. This hotel is scheduled to go to auction through Ten-X in January but if someone realizes the value in it before then and offers the right price the seller would prefer that option because it'd be easier. Unencumbered by mgmt; can get out of franchise with no LD;

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    © 2020 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dream Team | Fast Track Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-11-30T20:03:12.09.
    www.midsouthdreamhomes.com/homes/111711207
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    1471 E Brooks Rd E Memphis, TN 38116

    • Price: $5,800,000
    • Status: Active
    • Updated: 80 min ago
    • ID#: 10088458
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1972
    Built
    Neighborhood:
    Plaza Iii
    County:
    Shelby
    Area:
    Whitehaven/Graceland
    Property Description
    This potential in this hotel for a new owner/operator cannot be described in so few words. The OM will be out in next few days and with signed CA interested parties can be granted access to DD room where you will find everything. This hotel is scheduled to go to auction through Ten-X in January but if someone realizes the value in it before then and offers the right price the seller would prefer that option because it'd be easier. Unencumbered by mgmt; can get out of franchise with no LD;
    Exterior Features

    Buildings 1 Land Sq Ft 239449 Location CityFree StandingIndustrial ParkOffice ParkOther (See Remarks) Lot Size 141 0 Parking Facility 76 Or More SpacesAsphalt/BlacktopAttachedEnclosedSecured Road Frontage City StreetInterstateUs Highway Road Frontage Feet 141 Roof Other (Call La) Truck Loading Door Height 1-3 Doors16-20.9 Feet

    Interior Features

    Average Ceiling Height 13-15.9 Feet16-20.9 Feet Cooling System 1 Window Unit Per Unit220 WiringHouse CoolingIndividual Cooling Floors HardwoodPartial CarpetTileW/W Carpet Foundation Maintenance AreaSlabStorage Area Heating System CentralIndividual Systems Hot Water House SystemIndividual SystemPublic SewerPublic Water Improved Sq Ft 75681 Leaseable Sq Ft 5000 Offices 9 Restrooms 250 Seating Capacity 300-399400-499

    Property Features

    Annual City Tax 23327 Annual County Tax 29982 Commercial Type Other (See Remarks) Contingency Type No Contingency Existing Financing Other (See Remarks) Information Available AppraisalFloor PlansNotes/DeedsOperating Expense ReportOther (See Remarks)PlatProfit/Loss StatementSurveyTax Info Available Legal Subdivision Name Plaza Iii Rev Lot Number 1And2 And4 Miscellaneous Security SystemSprinkler SystemElevator(S)Loading Dock(S)Roof SignPole SignFixturesFurnitureCompressor(S)Telephone SystemLicense IncludedRest Rooms220 Volt PowerFire SprinklersInventory IncludedRecreation FacilitiesInside StorageOutside StorageFencedOutside Lighting New Financing ConventionalOther (Call La)PrivateSplit Funding Operating Expense Includes Accounting/LegalAdvising/Licenses/PermitsBusiness InsuranceMiscellaneousPayrollProperty InsuranceRepair &Amp; MaintenanceReserve For ReplacementServices (All)SuppliesTaxes - Personal PropertyTaxes/Real EstateUtilities Possession Lease Possession At Closing Religious Amenities Kitchen Sale Includes All AppliancesAll EquipmentAll FurnishingsBuilding And LandBusiness NameFranchise RightsSignage Tenant Pays Other (See Remarks) Trade Business Name Travelodge Wyndham Type Usage Food ServiceFranchiseHistoricalOther (See Remarks)Special Purpose Zoning Emp

    Listing information © 2020 Memphis Area Association of REALTORS®.
    Listing provided courtesy of Remax Experts, Llc.



    © 2020 Memphis Area Association of REALTORS®. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Dream Team | Fast Track Realty. Some or all of the listings displayed may not belong to the firm whose website is being visited. Data last updated: 2020-11-30T20:03:12.09.
     
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    The Dream Team | Fast Track Realty
    1045 S Yates Rd
    Memphis TN, 38119