Price Reduction
Address
1471 E BROOKS RD E Memphis, TN
Price
$ 4,500,000
Property Attributes
  • MLS#10088458
  • TypeCommercial
  • CountySHELBY
  • CityMemphis
  • AreaWhitehaven-Graceland
  • NeighborhoodPLAZA III
  • Zip38116
  • StyleFood Service,Franchise,Historical, ,Special Purp
  • Year Built1972
  • Taxes53309
  • Price$ 4,500,000
  • Bedrooms0
  • Full Bathrooms250
  • Half Bathrooms0
  • Sqr Footage5000
Listing Provided Courtesy Of:
REMAX Experts, LLC
Property Description

This potential in this hotel for a new owner/operator cannot be described in so few words. 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 January 25-27. Unencumbered by mgmt, flag or debt.

Price History
11/8/2020 Listed $5,800,000
1/4/2021 23% - $4,500,000

General Features

Area 764A
City Memphis
Class Commercial/Industrial
Legal Subdivision Name PLAZA III REV
Listing Area Whitehaven/Graceland
Miscellaneous Security System, Sprinkler System, Elevator(s), Loading Dock(s), Roof Sign, Pole Sign, Fixtures, Furniture, Compressor(s), Telephone System, License Included, Rest Rooms, 220 Volt Power, Fire Sprinklers
Road Frontage City Street, Interstate, US Highway
Roof Other (Call LA)
Service Type Full Service Listing
Status Active
Status Active
Stories 4
Type Other (See REMARKS)
Year Built 1972
Zoning EMP

Interior Features

Cooling System 1 Window Unit per Unit, 220 Wiring, House Cooling, Individual Cooling
Floors Hardwood, Partial Carpet, Tile, W/W Carpet
Heating Central, Individual Systems
Hot Water House System, Individual System, Public Sewer, Public Water
Offices 9
Restrooms 250

Exterior Features

Sale Includes All Appliances, All Equipment, All Furnishings, Building and Land, Business Name, Franchise Rights, Signage
Foundation Maintenance Area, Slab, Storage Area
Lot Size 141 0
Number of Buildings 1
Parking Facility 76 or More Spaces, Asphalt/Blacktop, Attached, Enclosed, Secured
Road Frontage (ft) 141

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 38116

Price
AVG $840K
$4.5M
Taxes
AVG $11,182
$53,309
Visits
AVG 70
31
Year Built
AVG 1960
1972
Walkscore
AVG 34
30
Data Provided by Walkscore ® not using MLS data

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