1805 Highway 231 Bethpage, TN 37022
- Mixed-use properties
- 5,866 SF
- 3.00 lot acres
Current Use by Public Records
- Mixed-use properties
Property Details for 1805 Highway 231
- Year built
- 1958
- Lot size
- 3.00 lot acres
- Property size
- 5,866 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Bethpage
- County
- Sumner County, TN
- State
- Tennessee
- Longitude
- -86.2683
- Latitude
- 36.4622
