Vintage 12 Unit Motor Lodge on 1.37+/- Acres

Hospitality for Sale
Also listed as Retail-Commercial
Catylist Listing ID: 30745884
Property Subtypes: Extended Stay, Hostel, Inn, Motel, Vacation Rental(s), Other
Number of Units: 12 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Sale Price: $325,000
Unit Price: $27,083.33 Per Unit
Ceiling: 8 ft.
Property Use Type: Investment, Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/8/2021

Overview / Comments

This Motor Lodge is in need of major renovation. It is estimated to need $300,000 to get up an running. 20 minutes from Downtown Chattanooga and only minutes to Cloudland Canyon State Park, which sees and average of 500,000 visitors a year. The land here has many possibilities. Billboard not included in sale.
Zoned: B-3 Business-General District

Additional Details

Nearest MSA: Chattanooga
County: Dade
Tax ID/APN: T16 02 006 00
Zoning: B-3
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Excellent
Largest Nearby Street: Main Street
Feet of Frontage: 354
Traffic/Vehicle Count: 9,220
Highway Access: Interstate 59, Interstate 24, Highway 11, Highway 136
Airports: Chattanooga Tn, Fort Payne, AL,
Site Description: One story brick vintage motor lodge style motel in need of major renovation with with enough land to expand.
Area Description: Located in a small town with big mountain views. Trenton is nestled between Lookout Mountain & Sand Mountain and thrives on its tourism. Its also home to one of the largest lineman schools in the United States.
Nearby Attractions: Major attractions include Lookout Mountain Flight Park (Hang-gliding), Cloudland Canyon State Park, Sitton's Gulch Trailhead, Howard's Waterfall Cave, Lookout Creek (paddle boarding, canoeing, kayaking) McLemore Golf Course & Country Club, Lineman Rodeo, Lavender Fields. Many near by restaurants and groceries stores to choose from. Walmart is approximately 15 minutes away
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Roof Type: Gable
Construction/Siding: Block, Brick
Exterior Description: Brick front Block back
Parking Type: Surface
Parking Description: in front of each unit
Sprinklers: None
Zoning Description: B-3 Business-General District
Lot Frontage: 354
Lot Depth: 193
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Pt Ll 255 10/4 Southland Apts Landlot: 255 Landdist: 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,659 3,824 12,616
Median Age: 38.96 36.96 36.82
Households: 1,047 1,512 4,672

Contact

Photograph of Listing Agent

Melissa D Faircloth

Faircloth Realty Greater Chattanooga REALTORS® Member
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