14275 Us-79 Buchanan, TN 38222
This exceptional Tennessee hospitality property, encompassing 21,555 square feet on over 11 acres (488,743.2 sq ft lot), presents a unique investment opportunity. The property includes a hotel, restaurant (Meo Mio's Sportsman's Grill), storefront, and multiple rental cabins and houses, all situated on 14 buildings across a single story. Built in 2000, this established business is currently operating as a rental resort with nightly rentals, a restaurant, bar, and grill, offering immediate income potential. The location is highly desirable, less than two miles from Paris Landing Marina and minutes from Land Between the Lakes National Recreational Area and Paris Landing State Park and golf course, providing access to numerous recreational activities including boating, fishing, camping, hunting, and horseback riding. The cabins are ideally suited for AirBnB rentals. The asking price is $3,000,000, with a price per square foot of $139.18. The property is available for occupancy on August 14, 2024. This turnkey operation offers endless possibilities for expansion and growth within a thriving tourism market. The property is offered as an owner/user investment.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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