2595 Georgetown Rd - Hospitality FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$5,950,000 USD
423-313-0901
2595 Georgetown Rd, Cleveland, TN for Sale
$5,950,000 USD
Hospitality - FOR SALE
1/53
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2595 Georgetown Rd
Cleveland, TN 37311
Downtown Cleveland


OVERVIEW

OWNER FINANCING AVAILABLE: This 100-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee. Out of the 100 units 50 units operate as the Rodeway Inn. 50 units have kitchenettes and operate as Suburban Suites. We have a quote to complete all of the remaining units to have kitchenettes. Totally Renovated in 2023. Roof is TPO replaced 2019 Building 2 and 3 Roof is metal replaced 2019 on Building 1 Property sits on 2.8 level acres Built in 1969 - Masonry construction– non-combustible. Zoned commercial

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$266 USD /SF

# OF ROOMS

50

PRICE/ROOM

$119,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rodeway Inn Cleveland TN I-75

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

121

LAND DETAILS

LAND ACRES

2.8 AC

LAND SF

121,968 SF

ZONING

CH

APN/PARCEL ID

041K-A-003.00

ASK ABOUT THIS PROPERTY

Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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