126 Expressway DrManchester, TN 37355

Property Details for 126 Expressway Dr

Year built

1972

Lot size

2.70 AC

Property size (Sq ft)

23,464 SF

Property type

Hospitality properties

Property subtype

Motels

APN

016085E A 02200

APU

016085EA02200

Description

This exceptional 83-key Best Western hotel presents a compelling value-add investment opportunity in Manchester, Tennessee. Situated in the thriving Tullahoma-Manchester MSA, midway between Nashville and Chattanooga, this property benefits from convenient access to major transportation routes (I-24 corridor) and significant regional markets. The hotel, originally built in 1978 as a Holiday Inn and later rebranded as a Country Inn & Suites in 2001, has undergone a complete interior and exterior renovation completed in 2024. This extensive renovation includes a new glass entryway, front desk, breakfast area, an added elevator, fitness room, meeting room, and outdoor swimming pool. All rooms feature a combination of LVT and carpet flooring, and the entire property boasts a new roof, windows, and blackout window treatments, along with updated furniture. The 54,516 square foot hotel, spread across three two-story buildings, is currently operating under a 10-year franchise agreement with Best Western, eliminating any potential PIP (Property Improvement Plan) costs for the new owner. Projected first-year revenue exceeds $2.2 million, reflecting the strong RevPAR (Revenue Per Available Room) in the midscale/upper midscale market. An additional revenue stream is possible by leasing the approximately 10,000 square foot east-side building, which features a separate entrance and a full-size kitchen, ideal for a restaurant. The hotel's location in Manchester offers a desirable blend of rural charm and access to amenities, further enhanced by the city's proximity to major employers like the Arnold Engineering Development Complex (AEDC) and the annual Bonnaroo Music and Arts Festival. The asking price for this turnkey operation is $8,500,000. The property's APN is 085E-A-022.00 and is zoned Commercial 08.

• CAP approach

  CAP return

  Valuation

  6%

  $5,636,844

  6.5%

  $5,203,240

  7%

  $4,831,580

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,981,819

  Geo Method

  $10,755,686

• Alternative Use

  Use

  Valuation

  Residential

  $5,680,426

  Hospitality

  $5,203,240

  Educational

  $4,329,035

  Medical

  $4,477,917

  Retail

  $6,734,054

Location Insight

City

Manchester

County

Coffee

State

Tennessee

Latitude

35.4607

Longitude

-86.0544

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.