Donna Rickard
REALTOR®
SQUARE FEET5,601
MLS#3510850
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Outstanding Investment Opportunity Near Tullahoma! Discover this well-maintained, income-producing motel conveniently located just outside Tullahoma and approximately half a mile from Lowe's. Currently operating at full occupancy with no vacancies, this property offers an excellent opportunity for investors seeking an established business with immediate income and future growth potential.The property features 17 rental units, each offering approximately 300+ square feet, along with a spacious 1,932+ square-foot main office/residence complete with a kitchen and bathroom. Numerous improvements have been made throughout, including a new roof, new vinyl siding, updated flooring, remodeled bathroom tubs, newer refrigerators and microwaves, an updated septic system, and more.Each rental unit currently generates approximately $300-$400 per week, providing an established revenue stream. Looking to expand? The property also offers potential space for up to eight additional camper/RV sites, creating another opportunity to increase rental income, subject to applicable approvals.Conveniently situated near shopping, dining, and major employers, this property combines an established rental operation, recent improvements, and exciting expansion possibilities. Whether you're looking to grow your investment portfolio or acquire an existing hospitality business, this is an opportunity worth exploring. Schedule your private showing and discover the potential this property has to offer!
Property Features
Property Type: Commercial - Business
Lot Size: 2.83 Acres
Roof Type: Shingle
Year Built: 1956
Feature Descriptions
Days on Site: 74
Parcel#: 108C A 00300 000
Listed By / Shown By
Listed By
Agency Name: Real Broker
Agency Phone: 8445917325
Shown By
Agent Name: Donna Rickard
Agent Phone: (865) 548-6730
Agency Title: Crye-Leike Real Estate Services
Source: Nashville MLS
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2323 N Jackson St | MLS# 3510850
This commercial property located at 2323 N Jackson St, Normandy, TN 37360 is currently listed for sale with an asking price of $950,000. Search Normandy real estate on www.donnarickard.com today.