American Eagle Inn, Monteagle, TN FOR SALE

Hospitality for Sale
Catylist Listing ID: 30339720
Property Subtypes: Hotel
Number of Units: 46 Units
Building Size (RSF): 21,820 SF
Gross Building Area: See Agent
Gross Land Area: 2.04 Acres
Sale Price: $1,800,000
Unit Price: $39,130.43 Per Unit
Property Use Type: Business
Building Name: American Eagle Inn - Hotel for Sale
Name of Establishment: American Eagle Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/12/2018

Overview / Comments

Monteagle, TN Hotel FOR SALE. American Eagle Inn located at 509 West Main Street, Exit 134 on I-24, Monteagle, TN, next door to McDonald's. A total of 46 rooms, including 2 handicap rooms, 32 double queen rooms, 10 king rooms, and 2 extended stay rooms. Hotel has 3 phase power with 24-hour service.
Built in 2006 featuring a mountain rustic look and feel. Entrance is a cozy great room foyer with large mountain stone fireplace extending to the 2nd floor.
Great room is set up to serve a continental breakfast.
South Cumberland State Park is nearby with hiking, fishing, and beautiful mountain and bluff scenery. The University of the South is located just down the road in Sewanee, TN.
Owner is retiring and has decided to sell. "Tremendous upside for new owner."

Financials

Finance Data Year 2018
Real Estate Taxes - Annual($) $13,500 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Grundy
Submarket Type: Central Business District
Tax ID/APN: 107G C 008.01
Zoning: COMMERCIAL
Retail Clientele: Tourist
Property Visibility: Excellent
Largest Nearby Street: Interstate 24
Traffic/Vehicle Count: 40,000
Highway Access: Yes
Site Description: American Eagle Inn is located just off I-24, Exit 134 atop Monteagle Mountain, TN, directly next door to McDonald's on Main Street just a few minutes from the University of the South. Property includes a vacant lot that will accommodate an additional 22 units.
Nearby Attractions: Cumberland State Park, Sewanee University of the South, Fiery Gizzard Trail, DuBose Conference Center, The Assembly, St. Andrews School
Total Number of Buildings: 1
Number of Stories: 2
Property Condition: Excellent
Year Built: 2006
Roof Type: Gable
Construction/Siding: Wood Frame
Parking Type: Surface
Sprinklers: Wet

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 726 3,856
Median Age: 53.61 47.2
Households: 259 1,588

Contact

Photograph of Listing Agent

Lee T Harper

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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