405 Chickamauga Dr - Hospitality FOR SALE


Dayton, TN 37321
$3,980,000 USD
865-862-6412
405 Chickamauga Dr, Dayton, TN for Sale
$3,980,000 USD
Hospitality - FOR SALE
1/12
null | 7.5% Cap Rate

405 Chickamauga Dr
Dayton, TN 37321


HIGHLIGHTS

  • Fully converted and 100% occupied.
  • Value-add through conversion of remaining 10 garages and/or construction of Phase II of the project (plans convey)
  • One of a kind asset with minimal competition.

OVERVIEW

Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property, originally built in 2021 as a hotel and converted to workforce/multifamily housing in 2025, offers 31 units and is zoned for commercial-hospitality use. This property is the only property in Dayton offering lease terms of less than 6 months, which has allowed the current owner to dominate the market for workforce housing. While the property offers the amenities of an extended-stay property, it does not incur the franchise fees typically associated with them. Having undergone a complete conversion, this property offers investors the opportunity to generate existing cash flow with additional value-add components. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents, while offering an additional income source for ownership.

FOR SALE DETAILS

PRICE

$3,980,000 USD

PRICE/SF

$177 USD /SF

# OF ROOMS

26

PRICE/ROOM

$153,077 {currency}

CAP RATE

7.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PB Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

2021

PARKING SPACES

43

LAND DETAILS

LAND ACRES

2.23 AC

LAND SF

97,091 SF

ZONING

HC

APN/PARCEL ID

090P-C-007.00,090P-C-008.00

ASK ABOUT THIS PROPERTY

Heidi AdamsNAI Koella | RM MooreMore Info
865-862-6412

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Heidi AdamsNAI Koella | RM MooreMore Info
865-862-6412

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