2400 Executive Park NW - Hospitality FOR SALE


Cleveland, TN 37312
$9,000,000 USD
404-398-2090
2400 Executive Park NW, Cleveland, TN for Sale
$9,000,000 USD
Hospitality - FOR SALE
1/5
null | Request Cap Rate

2400 Executive Park NW
Cleveland, TN 37312


HIGHLIGHTS

  • Great Location
  • Right off I-75
  • Many Restaurants Nearby
  • Close to All Demand Generators
  • Bank Financing Available

OVERVIEW

Rooms: 144 Exterior Corridor 2 Stories Close to All Demand Generators Bank Financing Available Property Features: Great Location Right off I-75 Laundromat Per-friendly Free Wi-Fi Many Restaurants Nearby Outdoor Pool Ballroom space 4,000 sqft. + or Restaurant space available 3,000 sqft. + or Loyalty Inn in Cleveland, Tennessee is strategically positioned right off Interstate I-75, offering strong regional connectivity and direct access to Chattanooga and surrounding markets. The property is located approximately 2.5 miles from Downtown Cleveland, placing it near the city’s central business and cultural districts. Notable nearby landmarks include Lee University, situated just 2 miles away, and Tennova Healthcare – Cleveland, the area’s primary medical facility, at about 3 miles. Recreational and cultural attractions such as Cleveland Greenway Park (2 miles), Bradley Square Mall (3.5 miles), and Museum Center at 5ive Points (2.5 miles) are all within close proximity. The property is also less than 25 miles from Chattanooga, expanding access to regional amenities, employment hubs, and entertainment. Outdoor destinations like Red Clay State Historic Park are approximately 12 miles away, while Ocoee River, known for whitewater recreation, is about 20 miles from the site. The nearest airport is Chattanooga Metropolitan Airport, located approximately 24 miles southwest, providing commercial air access to key destinations. With its prime interstate frontage, proximity to downtown Cleveland, and strong institutional, retail, and recreational anchors, the property offers an attractive investment opportunity supported by consistent local and regional demand drivers. Location Highlights: 1. Interstate Access – Located directly off Interstate I-75, providing excellent regional connectivity to Chattanooga and other key Tennessee markets. 2. Proximity to Downtown – Approximately 2.5 miles from Downtown Cleveland, with access to business, cultural, and civic centers. 3. Nearby Institutions – Within 2 miles of Lee University and about 3 miles from Tennova Healthcare – Cleveland, the area’s primary medical facility. 4. Retail & Recreation – Close to Cleveland Greenway Park (2 miles), Museum Center at 5ive Points (2.5 miles), and Bradley Square Mall (3.5 miles). 5. Regional Attractions – About 12 miles from Red Clay State Historic Park and 20 miles from the Ocoee River, a nationally recognized outdoor recreation area. 6. Airport Access – Chattanooga Metropolitan Airport is located approximately 24 miles southwest, offering convenient regional and national air service. Cleveland, Tennessee's strategic location on the I-75 corridor and its robust manufacturing base are key factors driving its economic development. The city's upcoming projects and initiatives are well-positioned to drive sales by attracting new businesses, fostering a more vibrant downtown, and supporting population growth. Here are some of the key developments in the Cleveland area that could drive sales for businesses: Downtown Revitalization: The city is focusing on revitalizing its downtown core to create a more attractive and economically vibrant area. A significant project is the Inman Street Corridor Project, which is focused on creating a safer, more attractive downtown with widened sidewalks and improved streetscapes. This project, which has been in the planning stages for some time, is now in its final phases, with finishing touches planned for completion. A more walkable and inviting downtown encourages more foot traffic, which directly benefits retail stores, restaurants, and other service businesses. Industrial and Manufacturing Growth: Cleveland has a strong manufacturing base, and this sector continues to attract investment. The city and the Cleveland/Bradley Chamber of Commerce are actively promoting industrial sites to new companies. This influx of new businesses creates demand for a wide range of goods and services, from business-to-business sales of supplies and equipment to retail sales for new employees and their families. Recent expansions and new facilities from companies like Valmont Industries and Wind River Built (a modular home manufacturer) are prime examples of this growth. New Commercial and Residential Development: There is new retail development planned for North Lee Highway, one of the city's most heavily traveled commercial corridors. The project, which is set to be delivered in 2026, will feature two new buildings for lease, attracting new retailers and services to the area. This commercial growth is supported by rapid residential development, with new home communities being built in North Cleveland, providing a built-in customer base for new and existing businesses. Public and Community Projects: The city has purchased two former industrial sites in downtown Cleveland for long-term redevelopment. There are plans for a new Sports, Events, and Aquatics Center at one of these sites. This type of development would draw in a significant number of visitors for tournaments, competitions, and other events, creating new sales opportunities for local businesses. The city is also offering facade improvement grants to downtown businesses, which helps create a more appealing environment and can attract more customers. Please Do Not Call the Property or Onsite Staff about the Sale of the Property. Absentee Owner.

FOR SALE DETAILS

PRICE

$9,000,000 USD

PRICE/SF

$118 USD /SF

# OF ROOMS

144

PRICE/ROOM

$62,500 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Loyalty Inn - Cleveland

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

255

LAND DETAILS

LAND ACRES

11.69 AC

LAND SF

509,434 SF

ZONING

CG

APN/PARCEL ID

041F-A-008.00

ASK ABOUT THIS PROPERTY

Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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Raiyan RabNumarix Real Estate ServicesMore Info
404-398-2090

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