7014 McCutcheon Rd - Hospitality FOR SALE


Chattanooga, TN 37421- Tyner-Greenwood
$1,800,000 USD
225-663-0774
7014 McCutcheon Rd, Chattanooga, TN for Sale
$1,800,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

7014 McCutcheon Rd
Chattanooga, TN 37421
Tyner-Greenwood


HIGHLIGHTS

  • Hotel redevlopment opportunity in Hamilton Place's lodging corridor
  • 100-key gutted Microtel on 2.49 acres | Direct I-75 access at the Shallowford Road interchange, one of Chattanooga's busiest
  • Building in shell condition | Plans to renovate convey with sale
  • C-2 zoning supports a Microtel by Wyndham rebuild, a reflag, or a full repositioning

OVERVIEW

Fillmore Commercial is pleased to present to the market a Microtel Inn & Suites hotel redevelopment opportunity in the Hamilton Place lodging corridor of Chattanooga. Located right off I-75 at the Shallowford Road interchange, one of the busiest in the market, the property sits minutes from Hamilton Place, the largest enclosed mall in Tennessee, and the deep surrounding trade area of national retail and restaurants that pulls both interstate travelers and regional shoppers. The offering is a 100-key select-service hotel on 2.49 acres, in a a three-story interior-corridor building of roughly 39,700 square feet. The interior was taken down to the shell during water damage remediation from an ice storm, so a buyer starts with a clean shell. The building structure, along with sprinklered and alarmed life-safety systems in place, and a full renovation set prepared for current ownership conveys with the sale. Those drawings reconfigure the hotel to 101 keys across a refreshed mix of single-queen, double-queen, and ADA rooms, so a buyer can move toward permit and construction without running the design process from scratch. C-2 zoning and the shell-ready condition leave room to rebuild the Microtel, reflag to another economy or midscale brand, or reposition the asset entirely. Please reach out to Gaines Hanks with Fillmore Commercial for more information.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$45 USD /SF

# OF ROOMS

100

PRICE/ROOM

$18,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Microtel Inn & Suites by Wyndham Chattanooga

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1995

PARKING SPACES

108

LAND DETAILS

LAND ACRES

2.49 AC

LAND SF

108,464 SF

ZONING

C2

APN/PARCEL ID

149A-A-013

ASK ABOUT THIS PROPERTY

Gaines HanksFillmore CommercialMore Info
225-663-0774

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Gaines HanksFillmore CommercialMore Info
225-663-0774

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