20370 Lee Hwy Philadelphia, TN 37846-2478
The Sunrise Inn, a 11-key motel located at 20370 W Lee Hwy, Philadelphia, TN 37846, presents a compelling investment opportunity. This single-story, 4,746 square foot property sits on a 1.1-acre lot and is zoned for commercial use. Built in 1960, the motel currently operates as a daily, weekly, and monthly rental, boasting 100% occupancy due to high demand in the area. Located in Loudon County, one of Tennessee's fastest-growing counties, the Sunrise Inn benefits from recent industrial growth fueling the need for affordable short-term rental housing. The asking price is $600,000, translating to $126.42 per square foot. The property's strong occupancy history and significant value-add potential make it an attractive investment. The large lot offers potential for expansion, allowing for the addition of more units to further capitalize on the current high demand. This is a rare opportunity to acquire a profitable, established motel in a rapidly developing market with significant upside potential for increased revenue through renovations and/or expansion. The property's current success demonstrates a clear and consistent need for short-term rental accommodations in the Philadelphia/Loudon area.
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Sunrise Inn Hotel & Motel
11-2-14. C-1, COMMERCIAL DISTRICT. The intent of this district is to provide areas for retail trade and services, establishments, and offices oriented primarily toward serving local citizens and other uses compatible with the intent of this district. Within the C-1 Commercial District, as shown on the Zoning Map of Philadelphia, Tennessee, the following regu…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C-1 · Philadelphia, TN11-2-14. C-1, COMMERCIAL DISTRICT. The intent of this district is to provide areas for retail trade and services, establishments, and offices oriented primarily toward serving local citizens and other uses compatible with the intent of this district. Within the C-1 Commercial District, as shown on the Zoning Map of Philadelphia, Tennessee, the following regulations plus other appropriate provisions of this zoning code shall apply: 1. Permitted uses and structures. a. Retail trade-general merchandise b. Retail trade-food c. Retail trade-apparel and accessories. d. Retail trade-furniture, home furnishings and equipment. e. Retail trade-eating and drinking. f. Retail trade-drug and proprietary, antiques, books and stationary, sporting goods, farm and garden supplies, jewelry, florists, and optical and photographic supplies. g. Professional services: i.e. finance, insurance, and real estate services. h. Business services. i. Personal services-laundering and dry cleaning and beauty and barber services. j. Governmental services not including correctional institutions and military reservations. k. Cultural activities. 10 l. Religious activities and welfare and charitable services. 2. Prohibited uses and structures: Any use or structure not specifically permitted is prohibited. 3. Uses permitted as special exceptions: a. Repair services including automotive repair and services. b. Entertainment assemblies not including drive-in movies. c. Residential hotels and transient lodgings. d. Railroad transportation. 4. Area regulations. Building shall be located so as to comply with the following requirements: a. Minimum lot areas: 1 acre. b. The lot area covered by buildings and parking should not exceed sixty (60%) percent. The remaining undeveloped area shall be landscaped and revegetated if disturbed. c. Parking: For each commercial building or related use there shall be one off- street parking space for each two hundred (200) square feet of retail floor space. d. The maximum size of any building in the C-1, Commercial District is 10,000 square feet. 11-2-15.F-1, FLOODPLAIN OVERLAY DISTRICT. The F-1, Floodplain Overlay District, is intended for use in areas within Philadelphia which are subject to flooding. The objective of the district is to impose development restrictions upon land which lies within the floodway and floodway fringe areas of the two creeks which flow within the boundaries of Philadelphia, Tennessee, thereby protecting persons, property and the community from the dangers arising from periodic flooding.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
