2400 NW Executive, Cleveland, TN 37312

$2,500,000

Property Type: Commercial Square Footage: 90,500 Lot Size (sq. ft.): 492,228 Status: Closed

Current Price: $2,500,000 List Date: 3/01/2014 Last Modified: 7/05/2016

Overview

Description

This is an excellent Motel that does a thriving business. The views from the property are stunning! It has a wonderful restaurant (94 seats) that is part of the motel, but could be leased. There are meeting and banquet rooms with a capacity of 350 people. There is an outdoor pool. There are 175 parking spaces for the 145 room Inn. The motel has new A/C, new carpeting,new furniture, a new roof, and new parking lot lighting. The seller is very highly motivated.

Listing Details MLS# 876669

Location Tax Legal Info

House #: 2400
St Dir: NW
Street Name: Executive
State/Province: TN
Zip Code: 37312
PIN #: 041gd005.00

Contract Info

Listing Price: 2999900

General Property Description

SqFt - Total (Aprox): 90500
Lot Dimensions: 11.3 Acres - Iregular
Acres: 11.3
# of Buildings: 4
Stories: 2
Zoning: Commercial
# Parking Spaces: 175
Condition: Excell
Restrictions: No
Property Status: N/A

Status Change Info

Status Change Date: 2014-06-12
Under Contract Date: 2014-06-06
Sold Date: 2014-06-06

IncomeExpenses

Net Operating Income: 332447

More Information

Property Features

Commercial Type: Commercial Road Access: Interstate Access; Interstate Exposure; U.S. Highway Utilities on Site: Electric; Public Water; Sewer; Telephone Additional Info: Other Fuel: Electric Heat: Central Cooling: Central Cooling Location: Central Busns Area; Inside City Construction: Concrete Block Easements: Other Expenses Included: Accounting Legal; Payroll; Property Insurance; Repair & Maint; Services - All; Taxes - Pers Prop; Taxes - Real Estate; Utilities Equipment: Carpeting; Fixtures/Furniture Miscellaneous: 220 Volt Power; 440 Volt Power; Handicap Accessible; Handicap Equipped; Inside Storage; Living Space Avail; Other Outbuildings; Rest Rooms New Financing: Call Listing Agent; Cash; Owner Will Carry

IDX

Listing Office: Red Door Brokers

Last Updated: July - 05 - 2016

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2400 NW Executive, Cleveland, TN 37312 (MLS# 876669)