8 Unit Motel Shadow Acres

Hospitality for Sale
Catylist Listing ID: 30448504
Property Subtypes: Inn, Motel, Vacation Rental(s)
Number of Units: 8 Units
Building Size (RSF): 2,490 SF
Gross Building Area: See Agent
Gross Land Area: 2 Acres
Sale Price: $235,000
Unit Price: $29,375 Per Unit
Property Use Type: Investment, Vacant/Owner-User, Business
Building Name: Shadow Acres
Name of Establishment: Shadow Acres
Franchise Parent Name: None
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/1/2019

Overview / Comments

8 Unit Motel with two additional mobile homes. Rents by the day, week or month.

Additional Details

Nearest MSA: Nashville-Davidson--Murfreesboro--Franklin
County: Lewis
Taxing Authority: Lewis County
Tax ID/APN: 051025 01000
Zoning: MOTEL
Retail Clientele: General, Family, Business, Traveler, Tourist
Property Visibility: Good
Total Number of Buildings: 3
Number of Stories: 1
Property Condition: Average
Year Built: 1968
Construction/Siding: Vinyl Siding
Average Occupancy Rate: 90
Parking Type: Surface
Parking Description: Paved
Heat Type: Natural Gas
Zoning Description: Commercial Motel
Lot Frontage: 265
Lot Depth: 360
Water Service: Municipal
Sewer Type: Septic
Legal Description: Parcel Id/Tax ID 025 010.00

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,379 6,623 7,632
Median Age: 44.96 40.33 40.61
Households: 546 2,603 2,997


Photograph of Listing Agent

Sharon Wayman

Greater Nashville CIE Member
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