SQUARE FEET22,134
MLS#3513520
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Rare hospitality investment opportunity in Centerville, Tennessee. This 39-key Econo Lodge Inn & Suites includes two additional on-site staff apartments, providing added operational flexibility for ownership and management. The approximately 22,134-square-foot property features an outdoor swimming pool and operates under an established franchise that is transferable, subject to franchisor approval and requirements.The property has generated a historical average NOI of approximately $175,000, with 2024 gross revenue of approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management, and improve overall operating performance.Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing, and potential upside. Financial information and additional due diligence materials are available to qualified prospects.
Property Features
Property Type: Commercial - Business
Lot Size: 1.82 Acres
Year Built: 1997
Feature Descriptions
Days on Site: 1
Parcel#: 041095K B 00900 00001095K
Security: Smoke Detector(s)
Listed By / Shown By
Listed By
Agency Name: X Factor Realty Group, Inc.
Agency Phone: 6789843115
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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634 David St | MLS# 3513520
This commercial property located at 634 David St , Centerville, TN 37033 is currently listed for sale with an asking price of $2,100,000. Search Centerville real estate on www.clhomes.com today.