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- LoopNet Team
1400 Vaden St
Union City, TN 38261
Rosewood Inn Hotel · Hospitality Property For Sale
·
21,708 SF
Investment Highlights
- Cashflow
- Great Location
- Newly Renovated
Property Facts
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1989/2022 |
| Building Class | C | Parking Ratio | 2.99/1,000 SF |
| Lot Size | 2.20 AC | Corridor | Interior |
| Building Size | 21,708 SF | ||
| Zoning | C - Commercial | ||
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 2.20 AC |
| Building Size | 21,708 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1989/2022 |
| Parking Ratio | 2.99/1,000 SF |
| Corridor | Interior |
| Zoning | C - Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 1400 VADEN ST , UNION CITY, TN 38261
The Cashflow on this property is quite pleasing to the current owners. Attached financial is real income & expense January to October 2022. A sweet thing about this deal is that the current lending bank, would love to finance the property with only 20% Down Payment. There is an adjacent commercial lot to the hotel 0.75 Acer which could be purchased for an additional $200,000 for expansion or to build another business on. This Hotel is about 90% Renovated and as part of the closing condition, 100% Renovation will be completed. The hotel was poorly maintained and terribly managed. New owners have cleaned up the reputation, the service, the revenue and of course the physical condition of the property. We have invested whatever is needed to totally renovate the rooms, soon to upgrade the lobby, hallways and even the exterior. The roof was put on one year before we purchased it, making the new roof 2 years old. Much services have been added and many equipment were added or renewed. Too many to list here.
Property Taxes
| Parcel Number | 059-014.04 | Improvements Assessment | $260,440 |
| Land Assessment | $124,320 | Total Assessment | $384,760 |
Property Taxes
