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Property profile & analytics
OFF-MARKET
Mixed-use properties

1805 Highway 231 Bethpage, TN 37022

5,866 SF 3 ac lot Built 1958
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Mixed-use properties
Year built 1958
Total area 5,866 SF
Lot 3 ac (130,680 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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