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Budget Inn 3155 Huntsville Hwy

16 Room Hotel Fayetteville, TN 37334 $1,564,200 CAD ($97,763 CAD/Room) 4.09% Cap Rate

Hotels Tennessee Fayetteville 3155 Huntsville Hwy, Fayetteville, TN 37334

Investment Highlights

  • Immediately off of Hwy 231
  • Located in a rapidly redeveloping area
  • Close to Tennessee and Alabama Border

Executive Summary

This property offers incredible potential:
Front Building: Strategically positioned on a main US Highway (231/431 South), this versatile space can be easily converted into a convenience store, food franchise, or even an alcohol shop. The prime location ensures excellent visibility and accessibility. It is near the Tennessee-Alabama border.
Rear Land: Spanning 1.20 acres, the land behind the second building offers endless opportunities for expansion or redevelopment, whether for residential or commercial use.
Exceptional Location: Situated on the busy route connecting Fayetteville to Huntsville, this property is surrounded by thriving developments, including a new subdivision with 150 homes, a Walmart, and popular restaurants.
Capitalize on the area's rapid growth to create your next successful venture! The owner is retiring and relocating to India, making this a unique opportunity to acquire a prime property at a reduced price. A promising investment for redevelopment or business use.

Property Facts

Price $1,564,200 CAD Lot Size 2.20 AC
Price Per Room $97,763 CAD Building Size 4,000 SF
Sale Type Investment No. Rooms 16
Cap Rate 4.09% No. Stories 16
Sale Conditions
Business Value Included
  • High Vacancy Property
 Year Built/Renovated 1972/2022
Property Type Hospitality Parking Ratio 5/1,000 SF
Property Subtype Hotel Corridor Exterior
Building Class C
Price $1,564,200 CAD
Price Per Room $97,763 CAD
Sale Type Investment
Cap Rate 4.09%
Sale Conditions
Business Value Included
  • High Vacancy Property
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.20 AC
Building Size 4,000 SF
No. Rooms 16
No. Stories 16
Year Built/Renovated 1972/2022
Parking Ratio 5/1,000 SF
Corridor Exterior

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 16 $79.63 CAD -
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zoning

Zoning Code CR (Commercial)
CR (Commercial)
(931) 433-4193

Contact

  • Dilip Trivedi
    Dilip Trivedi
  • Budget Inn

  • Listing ID: 33869019

  • Date on Market: 2024-11-14

  • Last Updated:

  • Address: 3155 Huntsville Hwy, Fayetteville, TN 37334

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Budget Inn | 3155 Huntsville Hwy
(931) 433-4193 x

Budget Inn | 3155 Huntsville Hwy

Dilip Trivedi

(931) 433-4193

(931) 433-4193

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