20370 Lee Hwy Philadelphia, TN 37846-2478
- Commercial land
- 2,760 SF
- 0.76 lot acres
Current Use by Public Records
- Sunrise Inn / Motel / Hotel
Property Details for 20370 Lee Hwy
- Year built
- 1954
- Lot size
- 0.76 lot acres
- Property size
- 2,760 SF
- Zone code
- C-1
- Property type
- Commercial land
- APN
- 053055 06200
- APU
- 5305506200
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Philadelphia
- County
- Loudon
- State
- Tennessee
- Longitude
- -84.3976
- Latitude
- 35.6803
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
