210 Broyles Dr Johnson City, TN 37601-2508

Exceptional investment opportunity: a fee-simple 115-unit Red Roof Inn in Johnson City, Tennessee. This three-story hotel, built in 1990, sits on a 2.04-acre lot and offers a compelling return for investors. The property boasts numerous amenities including free on-site parking, complimentary coffee and tea, an outdoor gazebo, vending machines, daily housekeeping, and fax/photocopy services. Each guest room is equipped with free Wi-Fi, microwave, refrigerator, flat-screen TV, desk with chair, clothes rack, and clock radio. Its prime location offers easy access to major demand generators. The hotel is conveniently situated 3.4 miles from the 455-bed Johnson City Medical Center (a Level 1 trauma center), 4 miles from East Tennessee State University (enrolling over 12,000 students and featuring a major medical school and teaching hospital), and less than 15 miles from Bristol Motor Speedway, a major attraction drawing over 500,000 visitors annually. The area also offers numerous recreational opportunities, including Winged Deer Park and Buffalo Mountain Park, along with shopping centers, restaurants, and other attractions such as the Rocky Mount Museum and Jonesborough Historic District. This well-maintained property presents a minimal property improvement plan for a new owner, making it an attractive proposition in a thriving market. The asking price is $6,995,000.