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Listed by Tammy Paxson • Real Broker
$ 950,000
Est. payment | /mo
5,601 SqFt
$ 950,000
Est. payment | /mo
5,601 SqFt
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
Excellent investment opportunity just on the outskirts of Tullahoma approximately 1/2 mile from Lowe's. This clean, well-maintained motel is currently operating at full capacity with zero vacancy and strong income potential. Property features 17 units, each offering a little over 300± sq ft, plus a spacious main office/residence approximately 1,932± sq ft complete with kitchen and bath. Recent updates include a new roof, new vinyl siding, updated flooring, remodeled bathroom tubs, newer refrigerators and microwaves, updated septic system, and additional improvements throughout. Each unit currently generates approximately $300–$400 per week in rental income. Additional upside potential available with room to add up to 8 camper/RV spaces for expanded revenue opportunities. Turnkey income-producing property in a growing area with convenient access to shopping, restaurants, and major employers. Great opportunity for investors seeking immediate cash flow and future expansion potential.
Location
State TN
County Coffee County
Zoning Commercial
Interior
Fireplace N
Exterior
Roof Type Shingle
Others
Special Listing Condition Standard
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