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Listed by Tammy Paxson • Real Broker
$950,000
Est. payment /mo
5,601 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,601 sqft
Price per Sqft $169
MLS Listing ID 3510850
Year Built 1956
Lot Size 2.830 Acres
Acres 2.83
Property Sub-Type Mixed Use
Property Description
Outstanding Investment Opportunity Near Tullahoma! Discover this well-maintained, income-producing motel conveniently located just outside Tullahoma and approximately half a mile from Lowe's. Currently operating at full occupancy with no vacancies, this property offers an excellent opportunity for investors seeking an established business with immediate income and future growth potential.
The property features 17 rental units, each offering approximately 300+ square feet, along with a spacious 1,932± square-foot main office/residence complete with a kitchen and bathroom. Numerous improvements have been made throughout, including a new roof, new vinyl siding, updated flooring, remodeled bathroom tubs, newer refrigerators and microwaves, an updated septic system, and more.
Each rental unit currently generates approximately $300–$400 per week, providing an established revenue stream. Looking to expand? The property also offers potential space for up to eight additional camper/RV sites, creating another opportunity to increase rental income, subject to applicable approvals.Conveniently situated near shopping, dining, and major employers, this property combines an established rental operation, recent improvements, and exciting expansion possibilities. Whether you're looking to grow your investment portfolio or acquire an existing hospitality business, this is an opportunity worth exploring. Schedule your private showing and discover the potential this property has to offer!
The property features 17 rental units, each offering approximately 300+ square feet, along with a spacious 1,932± square-foot main office/residence complete with a kitchen and bathroom. Numerous improvements have been made throughout, including a new roof, new vinyl siding, updated flooring, remodeled bathroom tubs, newer refrigerators and microwaves, an updated septic system, and more.
Each rental unit currently generates approximately $300–$400 per week, providing an established revenue stream. Looking to expand? The property also offers potential space for up to eight additional camper/RV sites, creating another opportunity to increase rental income, subject to applicable approvals.Conveniently situated near shopping, dining, and major employers, this property combines an established rental operation, recent improvements, and exciting expansion possibilities. Whether you're looking to grow your investment portfolio or acquire an existing hospitality business, this is an opportunity worth exploring. Schedule your private showing and discover the potential this property has to offer!
Location
State TN
County Coffee County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Shingle
Others
Special Listing Condition Standard
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