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Tennessee Motel 124 Woods Ave 22 Room Hotel Caryville, TN 37714 $1,800,000 ($81,818/Room)
INVESTMENT HIGHLIGHTS
- Nearby Attractions - Norris Lake, Cove Lake State Park, Royal Blue and Brimstone ATV Trails
- 30 plus parking spaces
- Newly renovated rooms
- 22 rooms - 11 double queen beds, 7 king beds, 4 double beds
- High visibility from I-75 Interstate
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | $1,800,000 | Building Size | 12,154 SF |
| Price Per Room | $81,818 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built | 1980 |
| Property Subtype | Hotel | Parking Ratio | 3.48/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.73 AC | ||
| Zoning | Commercial | ||
| Price | $1,800,000 |
| Price Per Room | $81,818 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.73 AC |
| Building Size | 12,154 SF |
| No. Rooms | 22 |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 3.48/1,000 SF |
| Corridor | Exterior |
| Zoning | Commercial |
AMENITIES
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 22 | $45.00 | - |
1 1
PROPERTY TAXES
| Parcel Number | 120J-A-058.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $128,440 |
PROPERTY TAXES
Parcel Number
120J-A-058.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$128,440
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Presented by
Ridge Real Estate, LLC
Tennessee Motel | 124 Woods Ave
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