2331 Lk Rd Dyersburg, TN 38024-1831

This exceptional investment opportunity presents a fully renovated Motel 6 in Dyersburg, Tennessee, boasting 42 rentable rooms and 5 manager units (with potential to convert 3 into additional rentable rooms). The 39,500 square foot property, built in 1991 and extensively renovated in 2021 and 2022, features the new Gemini design, eliminating any Property Improvement Plan (PIP) requirements for the new owner. This two-story, single-building motel sits on a 39,500 square foot lot and is conveniently located in Dyersburg's main business district, near Interstate 155. The property's strategic location offers significant growth potential due to its proximity to the upcoming I-69 highway, connecting Canada and Mexico. The cost-effective Motel 6 brand appeals to budget-conscious travelers, and the user-friendly front desk system makes it ideal for first-time or owner-operator buyers. Dyersburg's diverse economy, encompassing manufacturing, healthcare, education, and retail, further enhances the property's appeal. The asking price is $2,300,000 ($58.23 per square foot). The price is negotiable. This is a 47-unit motel (42 rentable, 5 manager units) with an exterior corridor.