Seven Unit Motel in Sweetwater

Hospitality for Sale
Catylist Listing ID: 30827159
Property Subtypes: Motel
Number of Units: 7 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $400,000
Unit Price: $57,142.86 Per Unit
Property Use Type: Business
Sale Terms: Sale/Leaseback
Auction License Number: 6826
Cap Rate: Undisclosed
Last Updated: 12/28/2022

Overview / Comments

This seven-unit motel, located at 1431 Murrays Chapel Rd in Sweetwater, TN, is a unique opportunity to own a motel in a high-traffic area. With the Red Stag fulfillment center being so close and Sweetwater growing rather quickly, this is the perfect time to own this piece of real estate.

Additional Details

Nearest MSA: Knoxville
County: Monroe
Tax ID/APN: 06202200701
Retail Clientele: General
Property Visibility: Good
Largest Nearby Street: Hwy 68
Feet of Frontage: 245
Highway Access: Direct access to Hwy 68 off of Murrays Chapel Rd.
Airports: Knoxville
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Poor
Year Built: 1975
Roof Type: Gable
Construction/Siding: Vinyl Siding
Water Recreation: Other
Total Parking Spaces: 11
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: Commercial C 5
Lot Frontage: 252
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 4,361 12,390
Median Age: 42.68 41.79
Households: 1,830 4,953

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