Rodeway Inn Cleveland TN I-75 2595 Georgetown Rd 50 Room Hotel Cleveland, TN 37311 $5,950,000 ($119,000/Room)
INVESTMENT HIGHLIGHTS
- Excellent property for Work Force Apartments/ Affordable Housing/ Independent Living Apartments Restaurant operating on campus
EXECUTIVE SUMMARY
OWNER FINANCING AVAILABLE:
This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee.
Out of the 102 units 53 units operate as the Rodeway Inn.
49 units have kitchenettes and operate as Suburban Suites.
We have a quote to complete all of the remaining units to have kitchenettes.
Totally Renovated in 2023.
Roof is TPO replaced 2019 Building 2 and 3
Roof is metal replaced 2019 on Building 1
Property sits on 2.8 level acres
Built in 1969 - Masonry construction– non-combustible.
Zoned commercial
This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee.
Out of the 102 units 53 units operate as the Rodeway Inn.
49 units have kitchenettes and operate as Suburban Suites.
We have a quote to complete all of the remaining units to have kitchenettes.
Totally Renovated in 2023.
Roof is TPO replaced 2019 Building 2 and 3
Roof is metal replaced 2019 on Building 1
Property sits on 2.8 level acres
Built in 1969 - Masonry construction– non-combustible.
Zoned commercial
DATA ROOM Click Here to Access
PROPERTY FACTS
AMENITIES
- High Speed Internet Access
- Public Access Wifi
ABOUT 2595 GEORGETOWN RD , CLEVELAND, TN 37311
Building One – • Lobby and offices • Full-Service Restaurant - Seats 90 • Full-Service Commercial Kitchen • Two Meeting Rooms on second floor with Service Bar • Restaurant is Leased at $4,500/Month Building Two – • 40 units are 12 X 25 • 10 units are 12 X 20 • Plus, one three-room apartment • All new electrical outlets, switches and LED lighting • Second floor includes two – two-room apartments • Upstairs apartments have a back door Building Three – • 49 all newly renovated units • ALL ROOMS ARE KITCHETTES • 9 units are 12 X 20 with connector doors • 38 units are 12 X 25 • One unit is an up and downstairs apartment • One unit is a vending/laundry room • All new electrical outlets, switches and LED lighting
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 50 | $49.00 | - |
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PROPERTY TAXES
| Parcel Number | 041K-A-003.00 | Improvements Assessment | $281,480 |
| Land Assessment | $105,160 | Total Assessment | $386,640 |
