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MAJOR FRANCHISE WANTS THIS LOCATION-INCENTIV 2440 Williams St 60 Room Hotel Chattanooga, TN 37408 $4,355,000 ($72,583/Room)
Investment Highlights
- Prime Southside Chattanooga location near Downtown and I-24
- Located within a high-growth area experiencing significant public and private investment
- Opportunity to capitalize on Chattanooga's strong economic growth and business-friendly environment
- Excellent access to major transportation corridors and regional markets
- Minutes from restaurants, retail, residential developments, and downtown attractions
Executive Summary
Only branded Economy hotel in Downtown Chattanooga!
Only 1/2 miles from the NEW ERLANGER BALL PARK. Where Chattanooga Lookouts play and host many other open-air venues.
Just partially remodeled. New locks, New LED lighting package, New lighted mirrors, New Baths, 2 new dryers, 2 new washers 3 yr old boilers, new Phone system, New Cable
New locks, New LVT flooring, new vanities, New Paint (Exterior painted 2022 Interior freshly painted. 3-bedroom managers apartment. Metal roof.
Great location....in very good shape
Convenient Facilities: Guests benefit from free on-site private parking, an elevator, and a 24-hour front desk. Additional amenities include a hot tub, walk-in shower, and electric vehicle charging station.
Prime Location: Located 1.1 mi from the International Towing and Recovery Museum and Coker Tire Museum, the hotel is 2.6 mi from the Tennessee Aquarium and 3.7 mi from Chattanooga Zoo. Chattanooga Metropolitan Airport is 8.1 mi away.
Top attractions
Coker Tire Museum 1.1 mi
International Towing and Recovery Museum 1.1 mi
Hunter Museum of American Art 2.2 mi
Walnut Street Bridge 2.2 mi
Creative Discovery Museum 2.3 mi
Tennessee Aquarium 2.3 mi
Coolidge Park 2.9 mi
Chattanooga Zoo 2.9 mi
Tennessee Riverpark 7 mi
Tennessee Valley Railroad Museum 9 mi
Waterfall at Ruby Falls 2.8 mi
Metropolitan Airport 8 mi
Restaurant
KFC 1,150 f
Flaming Rooster 2,900 ft
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$633,208
|
$28.18
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$633,208
|
$28.18
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $633,208 |
| Annual Per SF | $28.18 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $633,208 |
| Annual Per SF | $28.18 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,355,000 | Building Size | 22,470 SF |
| Price Per Room | $72,583 | No. Rooms | 60 |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Business Value Included | Year Built/Renovated | 1997/2025 |
| Property Type | Hospitality | Parking Ratio | 3.16/1,000 SF |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.81 AC | ||
| Zoning | UGC - Urban General Commercial | ||
| Price | $4,355,000 |
| Price Per Room | $72,583 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 22,470 SF |
| No. Rooms | 60 |
| No. Stories | 3 |
| Year Built/Renovated | 1997/2025 |
| Parking Ratio | 3.16/1,000 SF |
| Corridor | Interior |
| Opportunity Zone |
Yes |
| Zoning | UGC - Urban General Commercial |
Amenities
- High Speed Internet Access
- Public Access Wifi
About 2440 WILLIAMS ST , CHATTANOOGA, TN 37408
Interior corridor 60 units - Renovated 2025-2026 - Downtown Chattanooga property within 1/2 mile of the new Erlanger Baseball Stadium and Chattanooga Aquarium. 2 miles from Rock City and Ruby Falls. Discover an exceptional commercial opportunity at 2440 Williams Street in Chattanooga's thriving Southside district, one of the city's fastest-growing and most desirable business corridors. Strategically positioned near downtown Chattanooga, Interstate 24, and major transportation routes, this property offers outstanding accessibility for businesses, investors, and owner-users seeking a premier location in a dynamic urban market. Located in the heart of a rapidly evolving area known for its mix of commercial, industrial, retail, and mixed-use development, 2440 Williams Street benefits from strong demographics, increasing investment activity, and proximity to Chattanooga's vibrant downtown amenities. The property's location provides convenient access to employers, restaurants, entertainment venues, residential neighborhoods, and key business districts, making it ideal for a variety of commercial uses. Transitioning from previous owner operating as a extended stay for low income. New owner 2 plus years is making it back into a hotels with lots of new things
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 60 | $84.00 | - |
Property Taxes
| Parcel Number | 145N-H-001.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,313,240 |
Property Taxes
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MAJOR FRANCHISE WANTS THIS LOCATION-INCENTIV | 2440 Williams St
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