2120 Lafayette Rd - Hospitality FOR SALE


Fort Oglethorpe, GA 30742
$1,500,000 USD
678-628-8120
2120 Lafayette Rd, Fort Oglethorpe, GA for Sale
$1,500,000 USD
Hospitality - FOR SALE
1/28
null | Request Cap Rate

2120 Lafayette Rd
Fort Oglethorpe, GA 30742


HIGHLIGHTS

  • Strategic location 8 miles south of downtown Chattanooga, 5 miles from I-24, and 6 miles from I-75
  • Located off Battlefield Parkway, busy retail corridor lined with shopping centers, restaurants, new hospital and medical businesses
  • 38 guest rooms + 2 manager's apartments + 1 large 700 sq ft multipurpose room
  • Priced well below replacement costs

OVERVIEW

Prime opportunity to acquire a 38-room Econo Lodge Inn & Suites hotel in Fort Oglethorpe, Georgia. Offered at an attractive asking price of $1,500,000, this hospitality property is ideal for an investor or owner-operator seeking an established hotel asset in the Metro Chattanooga / Northwest Georgia market. The property features 38 guest rooms + 2 manager's apartments + 1 large 700 sq ft multipurpose room. The property benefits from the area’s regional tourism, business, leisure, and contractors demand. Its Lafayette Road location off Battlefield Parkway provides convenient access to surrounding communities, commercial areas, and major transportation routes I-75 & I-24. Strategically located 8 miles from downtown Chattanooga, the property is within 20 minutes access to over $1 billion in economic development across 5+ major construction projects. Nearby Attractions: -1 mile to Chickamauga & Chattanooga National Military Park -2 miles to Lake Winnepesaukah Amusement Park -7 miles to UTC campus -9 miles to TN Aquarium and surrounding downtown attractions -9 miles to Lookout Mountain (Rock City and Ruby Falls) -10 miles to Hamilton Place Mall & Shopping District

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$46 USD /SF

# OF ROOMS

38

PRICE/ROOM

$39,474 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EconoLodge Inn & Suites, Fort Oglethorpe GA

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1991

PARKING SPACES

47

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

FOR C-1

APN/PARCEL ID

0002F-090

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.