1010 Cosby Hwy - Hospitality FOR SALE


Newport, TN 37821
$3,900,000 USD
562-843-3495
1010 Cosby Hwy, Newport, TN for Sale
$3,900,000 USD
Hospitality - FOR SALE
1/19
null | Request Cap Rate

1010 Cosby Hwy
Newport, TN 37821


OVERVIEW

Introducing Quality Inn Newport, a prime investment opportunity located at 1010 Cosby Hwy, Newport TN 37821. With a total of 94 rooms, a 49,666 SF building, and sitting on 2.75 acres of land, this property boasts a rich history, having been established in 1968. Strategically positioned in a thriving area, the property offers significant potential for investors. The demographics within a 5-mile radius show promising population numbers and healthy income levels, indicating a strong market for hospitality services. Featuring a well-maintained facility with a spacious layout and modern amenities, the Quality Inn Newport presents an excellent opportunity for a lucrative investment in the hospitality sector. Don't miss the chance to own a piece of this thriving business in a sought-after location. Contact us today to learn more about this exclusive offering.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$79 USD /SF

# OF ROOMS

94

PRICE/ROOM

$41,489 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Quality Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1968

PARKING SPACES

91

LAND DETAILS

LAND ACRES

2.75 AC

LAND SF

119,790 SF

ZONING

C-3

APN/PARCEL ID

056-018.00

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-843-3495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
562-843-3495

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.