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Listed by Tina I. Jones • X Factor Realty Group, Inc.
$ 2,100,000
Est. payment | /mo
22,134 SqFt
$ 2,100,000
Est. payment | /mo
22,134 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 22,134 sqft
Price per Sqft $94
MLS Listing ID 3513520
Year Built 1997
Lot Size 1.820 Acres
Acres 1.82
Property Sub-Type Mixed Use
Property Description
Rare hospitality investment opportunity in Centerville, Tennessee. This 39-key Econo Lodge Inn & Suites includes two additional on-site staff apartments, providing added operational flexibility for ownership and management. The approximately 22,134-square-foot property features an outdoor swimming pool and operates under an established franchise that is transferable, subject to franchisor approval and requirements.
The property has generated a historical average NOI of approximately $175,000, with 2024 gross revenue of approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management, and improve overall operating performance.
Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing, and potential upside. Financial information and additional due diligence materials are available to qualified prospects.
The property has generated a historical average NOI of approximately $175,000, with 2024 gross revenue of approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management, and improve overall operating performance.
Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing, and potential upside. Financial information and additional due diligence materials are available to qualified prospects.
Location
State TN
County Hickman County
Zoning C-2
Interior
Fireplace N
Others
Special Listing Condition Standard
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131 Saundersville Rd, Suite 130, Hendersonville, TN 37075, United States