150 Browns Ferry Rd - Hospitality FOR SALE


Chattanooga, TN 37419- Lookout Valley | 
$1,675,000 USD
678-628-8120
150 Browns Ferry Rd, Chattanooga, TN for Sale
$1,675,000 USD
Hospitality - FOR SALE
1/23
null | Request Cap Rate

150 Browns Ferry Rd
Chattanooga, TN 37419
Lookout Valley


HIGHLIGHTS

  • Excellent location directly off I-24 near Lookout Mountain and Downtown Chattanooga
  • Efficient 35 room interior corridor layout
  • Recently renovated and priced well below replacement costs
  • Positioned to capture demand from significant economic development projects nearby

OVERVIEW

Attractive opportunity to acquire a renovated 35-room interior corridor Econo Lodge hotel, strategically positioned in Chattanooga’s Lookout Valley, immediately accessible to I-24, Lookout Mountain, and Downtown Chattanooga. The property benefits from proximity to a concentration of Chattanooga’s most recognizable tourism and recreation destinations, creating multiple sources of lodging demand throughout the year. Hamilton County welcomed 11.5 million visitors with $1.8 billion in tourism spending. The hotel is located within a short drive of: • Ruby Falls: 2 miles • Lookout Mountain Incline Railway: 3 miles • Erlanger Park: 4 miles • Finley Stadium: 4 miles • Chattanooga Convention Center: 4 miles • Tennessee Aquarium: 5 miles • Rock City Gardens: 6 miles • UTC campus: 6 miles In addition, the property is located within minutes of over $1 billion in major economic development projects currently in progress and in the pipeline. The property is positioned to capture significant extended stay contractor demand. Project distance to hotel: • Amazon 200K sq ft facility under construction: 1 mile • I-24 expansion ($550mil): 1 mile • St Elmo Station 33 ($130mil): 4 miles • South Broad District ($300mil): 4 miles • Sunset Amphitheater ($300mil): 5 miles • The Bend ($350mil): 5 miles This hotel’s premier location, manageable interior corridor footprint, and attractive cost per key basis make it an ideal and compelling opportunity for an owner-operator or investor.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/SF

$103 USD /SF

# OF ROOMS

34

PRICE/ROOM

$49,265 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Econo Lodge Lookout Mountain

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2003

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,616 SF

ZONING

CO

APN/PARCEL ID

154C-B-045

ASK ABOUT THIS PROPERTY

Harish PatelHarish PatelMore Info
678-628-8120

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Harish PatelHarish PatelMore Info
678-628-8120

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