List Search

119 Pinnacle Dr
Johnson City, TN 37615

$3,700,000 USD

Hotel For Sale  •  22,922 SF

Property Details

  • Property Type Hotel
  • Total Building Size 22,922 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 1997
  • Cap Rate 9.91 %
  • Zoning C
0 Transit Score
30 Walk Score

Highlights

Demonstrated Revenue Growth: The property is generating increasing year-over-year revenue, signaling operational momentum
Attractive 3.50x Room Revenue Multiple: Offered at just 3.50x Room Revenue, the asset presents a compelling basis relative to recent comparable sales.
Minimal Change-of-Ownership PIP: The brand-imposed change-of-ownership PIP is limited in scope, reducing upfront capital expenditures
Strategic Retail Corridor Location: Positioned within Johnson City’s primary commercial corridor
Strong Market Fundamentals: Johnson City is the economic and educational anchor of Northeast Tennessee, with a growing population
SBA 504 Loan Eligible: The property qualifies for SBA 504 financing, offering buyers attractive leverage and favorable loan terms.
Cap Rate: 9.91 %

Major Tenants

Tenant SF Occupied Lease End Date
JER Partners

Amenities

  • Fitness Center
  • Pool
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
Tri-Cities 17 min - 10.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 75
Type: Surface
Included in Rent: Yes
Chris Beavers 629-262-0382 Matthews Real Estate Investment Services
Chris Beavers 629-262-0382 Matthews Real Estate Investment Services