124 Woods Ave - Hospitality FOR SALE


Caryville, TN 37714
$2,350,000 USD
423-562-5454
124 Woods Ave, Caryville, TN for Sale
$2,350,000 USD
Hospitality - FOR SALE
1/50
null | Request Cap Rate

124 Woods Ave
Caryville, TN 37714


OVERVIEW

EXCELLENT LOCATION - visible from Interstate 75 and just off Exit 134. The motel is comprised of 2 buildings totalling 7068 sq ft with a 366 sq ft also on the property that could be used for storage, making a total of 7434 sq ft. There are 22 units, 11 double queen rooms, 7 king rooms, and 4 offer 1 double bed. There is also an owner's apartment. Currently 17 rooms are rented on a weekly basis with the other rooms remaining for nightly rent.Roughly $280,000 was spent on renovations to include interior paint, new wall HVAC units in all rooms, new bedding, flat screen tvs, new roof, mini fridges, microwaves, laundry equipment, landscaping and updating the owner's apartment. The former self storage facility is being renovated to be used as a restaurant and coffee shop.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$193 USD /SF

# OF ROOMS

22

PRICE/ROOM

$106,818 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tennessee Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1980

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

Commercial

APN/PARCEL ID

120J-A-058.00

ASK ABOUT THIS PROPERTY

Marie AyersRidge Real Estate, LLCMore Info
423-562-5454

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Marie AyersRidge Real Estate, LLCMore Info
423-562-5454

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.