356 N Tennessee Ave - Hospitality FOR SALE


Etowah, TN 37331
$850,000 USD
423-999-7185
356 N Tennessee Ave, Etowah, TN for Sale
$850,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

356 N Tennessee Ave
Etowah, TN 37331


HIGHLIGHTS

  • 10,906 SF building
  • 25 unites
  • Prime location for the Etowah area

OVERVIEW

Introducing a prime investment opportunity located at 356 N Tennessee Ave, Etowah, TN. This 10,906 SF building on 0.9 acres, originally housing 25 currently operating motel units, offers the potential for conversion into stylish studio apartments. This property holds significant potential for a hospitality or economy investor seeking a versatile asset. Zoned C-2, it provides flexibility for various business endeavors. With its strategic location in the Etowah area, this property presents an ideal canvas for a savvy investor to capitalize on its historical charm and abundant space, catering to the needs of the local community for affordable housing. Opportunity awaits at this well-positioned property

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$78 USD /SF

# OF ROOMS

25

PRICE/ROOM

$34,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Holiday Terrace Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,070 SF

ZONING

C

APN/PARCEL ID

107J-C-045.00

ASK ABOUT THIS PROPERTY

Justin EvingereXp CommercialMore Info
423-999-7185

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Justin EvingereXp CommercialMore Info
423-999-7185

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