Catylist ID: #29666196
Monteagle Inn Bed & Breakfast For Sale
Hospitality for Sale
|Catylist Listing ID:||29666196|
|Property Subtypes:||Bed & Breakfast|
|Number of Units:||13 Units|
|Building Size (RSF):||See Agent|
|Gross Building Area:||See Agent|
|Unit Price:||$188,461.54 Per Unit|
|Property Use Type:||Business|
|Building Name:||Monteagle Inn Bed & Breakfast|
|Name of Establishment:||Monteagle Inn and Retreat Center|
|Sale Terms:||Cash to Seller|
Overview / Comments
This Tennessee inn and retreat center for sale is the epitome of a diversified business and flexible property. Known not just for its wonderful, luxurious
rooms, the inn hosts many weddings, business retreats and meetings, family and professional gatherings, and wine dinners and tastings. In short, this inn can do it all!
There are three main buildings on the property. The main inn, built in 1997, houses the 13 guest rooms, the spacious common rooms, a guest pantry, office, and the modern commercial kitchen facilities. A second building has the conference/meeting room with excellent facilities for corporate meetings. It also houses an expansive storage area. These buildings create a courtyard with interior patio, providing privacy and ambience great for gatherings or open air receptions. The third building is the owner’s cottage, with two bedrooms, two baths, full kitchen, living room, and porch. This cottage, with a quaint fenced yard, is an important selling feature of the inn. While it is currently used as a guest accommodation, it has served and is ideal as owner’s quarters.
The grounds of the inn are spacious, with 1.4 acres of gardens and lawns that are restful on the eyes and afford space for wedding tents, gardening, or simply enjoying the outdoors. Located near excellent Interstate access roads, a
major university, in a town with excellent restaurants, the property comprises an entire block with frontage on four sides and is zoned commercial.
The business at this Tennessee inn and retreat center for sale is diversified, with revenues being derived from several sources: rooms, food and beverage,
events and services, retail and packages. The business is solidly profitable and well?priced at $2,450,000, offering an investor owner a good return.
Attachments & Media
|Retail Clientele:||Family, Business, Traveler, Tourist|
|Proximity:||3 miles||5 miles|
Heather Lyons BevilStone Fort Properties GCAR CMLS Member
Valerie GallupsStone Fort Properties GCAR CMLS Member
|© Copyright GCAR Commercial MLS. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither GCAR Commercial MLS nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.|