115 Liberty Br Ln Athens, TN 37303-7076
- Office Properties & Spaces
- 11,277 SF
- 7.70 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 115 Liberty Br Ln
- Year built
- 1975
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 7.70 lot acres
- Property size
- 11,277 SF
- Property type
- Office Properties & Spaces
- APN
- 054039 03900
- APU
- 5403903900
Description
This exceptional 105-room extended-stay hotel in Athens, Tennessee, presents a lucrative investment opportunity. Completely renovated in 2024 with a total capital expenditure of $4,465,000, this three-building, two-story property boasts new electrical, plumbing, mechanical, fire alarm, and sprinkler systems. All 105 rooms feature full kitchenettes, including stovetops, refrigerators, sinks, and microwaves. Situated on a 7.7-acre lot (APN: 054039 03900) at 115 Liberty Branch Ln, Athens, TN 37303, this hotel enjoys a prime location directly on Interstate 75, midway between Chattanooga and Knoxville. Projected first-year revenue is $1,607,331, with a net income of $557,229. The property is currently unbranded, offering flexibility for conversion to various franchise options, including Suburban Studios, Select Suites, Red Roof Inn, or HomeTowne Studios, with potential key money incentives. A Certificate of Occupancy is expected in November 2024. This turn-key operation is ideal for investors seeking a high-return, fully renovated asset in a strong market. The seller is highly motivated and encourages offers from buyers with at least 20% down. This is the only extended-stay hotel within a 25-mile radius, ensuring a strong competitive advantage. Year 2 and 3 pro forma revenues are projected at $1,705,217 and $1,826,629 respectively. The property was built in 1975.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $495,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $400,000
- 6.5%
- $375,000
- 7%
- $380,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $340,000
- Geo Method
- $405,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $340,000
- Retail
- $410,000
- Mixed-Use
- $365,000
- Hospitality
- $400,000
- Educational
- $420,000
- Residential Income
- $415,000
- Energy
- $355,000
- Income-Based Land
- $340,000
- Food Service
- $345,000
Location Insight
- Map
- Local Demand
- City
- Athens
- County
- Mcminn
- State
- Tennessee
- Longitude
- -84.614
- Latitude
- 35.5033
- CBSA code
- 11940
- CBSA name
- ATHENS, TN MICROPOLITAN STATISTICAL AREA
