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    1805 Highway 231 Bethpage, TN 37022

    For Sale
    $1,400,000

    Profitable Mixed-Use Motel, 3 Acres

    Property size:
    5,866 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional investment opportunity presents a 5,866 square foot mixed-use motel situated on a 3-acre lot at 1805 Hwy 231 S, Bethpage, TN. Currently boasting 70% occupancy, often exceeding that rate, the motel primarily houses long-term tenants. The property's strong performance is further enhanced by the potential for expansion. Adjacent acreage allows for the addition of more motel units, significantly increasing revenue potential. Several existing garages on the property offer a readily available opportunity for conversion into additional motel rooms following renovation. This presents a unique chance to boost the property's income stream through relatively straightforward improvements. The motel is currently undergoing renovations, enhancing its appeal and value. The property's high occupancy rate, coupled with the expansion potential and ongoing renovations, makes this a compelling investment prospect for those seeking a strong return on investment in the thriving Bethpage market. Serious inquiries only. Please schedule an appointment for a viewing to fully appreciate the potential of this remarkable property. Do not disturb tenants or employees.

    Property Features for 1805 Highway 231

    General Information

    Property type
    Mixed-use properties
    Square Feet
    5,866 SF
    Lot Size
    130,680 SF

    Building Details

    Year Built
    1958
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bethpage
    County
    Sumner County, TN
    State
    Tennessee
    Longitude
    -86.26835
    Latitude
    36.46223

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      Trousdale County Farm with Pond

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    FAQs

    What type of property is this?
    Mixed-use property - Profitable Mixed-Use Motel, 3 Acres
    Where is this mixed-use property located?
    The property is located at 1805 Highway 231 Bethpage, TN.
    What is the asking price?
    The asking price for this property is $1,400,000.
    (615) 872-0766
    Request Owner's contact information
    1805 Highway 231 Bethpage, TN 37022
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    Bethpage, TN 37022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1805 Highway 231 Bethpage, TN 37022
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