2595 Georgetown Rd - Hospitality FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$5,950,000 USD
423-313-0901
2595 Georgetown Rd, Cleveland, TN for Sale
$5,950,000 USD
Hospitality - FOR SALE
1/55
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2595 Georgetown Rd
Cleveland, TN 37311
Downtown Cleveland


OVERVIEW

This 100-unit property is located on the main exit from I-75 to downtown Cleveland Tennessee. A total remodeling of 50 units with kitchenettes has just been fully completed. All new furniture, beds, kitchen appliances, sinks, 51 of the units include Kitchenettes. 49 units are complete except for the kitchenettes. Built in 1969 Masonry – non-combustible Roof is TPO replaced 2019 Building 2 and 3 Roof is metal replaced 2019 on Building 1 50 new T-Pacs - heat and AC units Property sits on 2.8 level acres Zoned commercial

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

48

PRICE/ROOM

$123,958 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Cleveland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

103

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

CH

APN/PARCEL ID

041K-A-003.00

ASK ABOUT THIS PROPERTY

Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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