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7230 Region Ln
Knoxville, TN 37914

$7,600,000 USD

Hotel For Sale  •  42,598 SF

Property Details

  • Property Type Hotel
  • Total Building Size 42,598 SF
  • Lot Size 1.19 AC
  • Building Class B
  • Year Built 2007
  • Tenancy Single
  • Zoning C-6
20 Walk Score

Description 

HIGHLIGHTS
68-key Comfort Suites (Choice Hotels)
~$1.8M historical annual revenue
Strong STR performance:
~73% occupancy
~$95 ADR

-Normalized NOI: ~$750K
-Consistant Revenue: ~ $1.8Million Annualy
Offered at ~$112K/key (well below replacement cost)

Located directly off I-40 (89K+ VPD)
Minutes from:
- Downtown Knoxville
- University of Tennessee
- Smoky Mountains tourism corridor

-Minimal Remaining PIP: 

Seller motivated (1031 exchange)

Amenities

  • Business Center
  • Fitness Center
  • Pool
  • High Speed Internet Access
  • Public Access Wifi
  • Smoke-Free

Public Transportation

AirportDriveWalkDistance
McGhee Tyson 44 min - 27.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 67
Type: Surface
Included in Rent: Yes
Joel-Ross Richmond 865-444-2400 United Real Estate Solutions
Joel-Ross Richmond 865-444-2400 United Real Estate Solutions