20370 W Lee Hwy - Hospitality FOR SALE


Philadelphia, TN 37846
$575,000 USD
865-862-6412
20370 W Lee Hwy, Philadelphia, TN for Sale
$575,000 USD
Hospitality - FOR SALE
1/1
null | Request Cap Rate

20370 W Lee Hwy
Philadelphia, TN 37846


HIGHLIGHTS

  • Long-term occupancy history
  • Value add
  • Demonstrated need for short-term rental
  • One of the fastest growing counties in Tennessee

OVERVIEW

Sunrise Inn is currently run as a daily/weekly/monthly rental. The property is ideally positioned for renovation/updates resulting in increased revenue for an investor. The seller currently enjoys 100% occupancy due to the lack of short term rentals in the Philadelphia area. Located in Loudon County, Tennessee, Sunrise Inn is situated at the intersection of Pond Creek Road (Highway 323) and Highway 11. The property is close to major farming/agritourism employers and just a short distance from Philadelphia School.

FOR SALE DETAILS

PRICE

$575,000 USD

PRICE/SF

$121 USD /SF

# OF ROOMS

14

PRICE/ROOM

$41,071 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,543 SF

ZONING

GC

APN/PARCEL ID

055-064.00

ASK ABOUT THIS PROPERTY

Heidi AdamsNAI Koella | RM MooreMore Info
865-862-6412

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Heidi AdamsNAI Koella | RM MooreMore Info
865-862-6412

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