FOR SALE: 28-Unit Short-Term Rental Portfolio | 2501 & 2531 Cummings Hwy Prime Investment Opportunity in Chattanooga’s Booming STVR Market This rare offering includes two C2-zoned parcels totaling 3.49 acres on Cummings Hwy, ideal for short-term rental or hospitality development. The portfolio features 28 units — 15 fully operational and 13 under construction — with significant upside as completion nears and more room to build. This portfolio comes with build plans, interior designs plans, and landscape plans. Property Summary: Addresses: 2501 & 2531 Cummings Hwy Parcels: 154E C 002 & 154E C 004 Total Land: 3.49 acres Zoning: C2 (Commercial) Units: 28 total (15 completed, 13 under construction) Gross Building Area: 17,218 SF Avg. Unit Size: ~537 SF Sewer: Septic System Renovation & Construction 2501 Cummings Hwy: Built 1948 | $600K renovation completed (Feb 2022 – Dec 2023) 15 operational units 2531 Cummings Hwy: Built 1946 | $800K spent to date | Est. $700K to complete 13 units Renovation in progress (Feb 2022 – Dec 2024) Building, design, planting and hardscape plans complete Financial Highlights: 2024 Rental Income (2501): Projected Stabilized NOI at $400,000, financials available upon request Billboard Income (2531): $12,000 annually Projected Rental Income (Full Build-Out): Strong upside potential Minimal advertising to date = major growth opportunity Strategic Advantages: Turnkey + Value-Add: Cash flow from completed units + future gains Zoning Advantage: C2 zoning in place amid tightening STVR regulations High Demand: Strong tourism and limited new STVR permits in Chattanooga Tourism & Market Stats (2023–2024): Visitor Spend: $1.73B (2023), +6.36% YoY Visitors: 10.7M total | 4.2M overnight Avg. ADR: $138 | Median Occupancy: 60% | Avg. Host Income: ~$30K Avg. Airbnb Stay: 4.0 days | 61% booked nights Nearby Attractions: Strategically located just 4 minutes from the highly anticipated Bend Development — home to the upcoming Lookouts Stadium — this property offers unparalleled proximity to Chattanooga’s top attractions. From the Tennessee Aquarium and Riverfront District to iconic destinations like Rock City, Ruby Falls, the Incline Railway, and the Chattanooga Zoo, this location places you at the heart of the city's booming tourism corridor. See links for nearby tourist attractions: South Broad Development: https://www.southbroad.info/ The Bend: https://www.thebendchattanooga.com/ Rock City: https://www.seerockcity.com/experience-rock-city/ Ruby Falls: https://www.rubyfalls.com/ Tennessee Aquarium: https://tnaqua.org/ Riverfront District: https://www.visitchattanooga.com/plan/neighborhoods/riverfront/ Secure your foothold in Chattanooga’s thriving vacation rental market with this partially stabilized, income-producing asset. Contact us today for full financials, renovation details, and property tours.