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    2232 Center St Chattanooga, TN 37421

    For Sale
    Contact for pricing

    Newly flagged 138-room hotel near Chattanooga Airport.

    Property size:
    84,846 SF

    Property Features for 2232 Center St

    General Information

    Size
    84,846 SF

    Building Details

    Year built
    2011

    Source: Jerry Fiume, SIOR, CCIM* Agent Jerry Fiume, SIOR, CCIM*

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Chattanooga Hotel Near Hamilton Place

    The DoubleTree by Hilton Chattanooga Hamilton Place is a 138-room hotel located off I-75, approximately 3 miles from Chattanooga Airport and 10 miles from both the Tennessee Aquarium and the Creative Discovery Museum. Formerly a Holiday Inn, the property was converted to the DoubleTree flag with renovations completed in April 2023. This turnkey property offers investors the opportunity to acquire a hotel with an assumable loan in an established market. The property has 84,846 square feet of space. The seller is motivated to deploy cash, presenting a potential opportunity for growth in occupancy, average rate of return, and return on investment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    DoubleTree by Hilton Hotel The Dinner Detective Murder ... Dinner Theater DoubleTree by Hilton ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.1612158
    Latitude
    35.0410137

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    FAQs

    What type of property is this?
    Hotel - Newly flagged 138-room hotel near Chattanooga Airport.
    Where is this hotel located?
    The property is located at 2232 Center St Chattanooga, TN.
    What are key features of this property?
    This property features: - Attractive assumable loan available.; - Turnkey 138-room property.; - Newly flagged DoubleTree by Hilton (converted in April 2023).
    (330) 416-0501
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    2232 Center St Chattanooga, TN 37421
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    Chattanooga, TN 37421
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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
    2232 Center St Chattanooga, TN 37421
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