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
Sale Price: $2,450,000
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
Cap Rate: Undisclosed
Last Updated: 2/22/2018

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

Additional Details

Nearest MSA: Chattanooga
County: Marion
Retail Clientele: Family, Business, Traveler, Tourist
Property Visibility: Excellent

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 726 5,354
Median Age: 53.61 44.98
Households: 259 2,192


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