115 Liberty Branch LnAthens, TN 37303

Property Details for 115 Liberty Branch Ln

Year built

1975

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

7.70 AC

Property size (Sq ft)

11,277 SF

Property type

Office properties

Property subtype

Other office properties

APN

054039 03900

APU

5403903900

Description

This exceptional 105-room extended-stay hotel in Athens, Tennessee, presents a lucrative investment opportunity. Completely renovated in 2024 with a total capital expenditure of $4,465,000, this three-building, two-story property boasts new electrical, plumbing, mechanical, fire alarm, and sprinkler systems. All 105 rooms feature full kitchenettes, including stovetops, refrigerators, sinks, and microwaves. Situated on a 7.7-acre lot (APN: 054039 03900) at 115 Liberty Branch Ln, Athens, TN 37303, this hotel enjoys a prime location directly on Interstate 75, midway between Chattanooga and Knoxville. Projected first-year revenue is $1,607,331, with a net income of $557,229. The property is currently unbranded, offering flexibility for conversion to various franchise options, including Suburban Studios, Select Suites, Red Roof Inn, or HomeTowne Studios, with potential key money incentives. A Certificate of Occupancy is expected in November 2024. This turn-key operation is ideal for investors seeking a high-return, fully renovated asset in a strong market. The seller is highly motivated and encourages offers from buyers with at least 20% down. This is the only extended-stay hotel within a 25-mile radius, ensuring a strong competitive advantage. Year 2 and 3 pro forma revenues are projected at $1,705,217 and $1,826,629 respectively. The property was built in 1975.

• CAP approach

  CAP return

  Valuation

  6%

  $2,385,135

  6.5%

  $2,201,663

  7%

  $2,044,401

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,836,910

  Geo Method

  $2,199,692

• Alternative Use

  Use

  Valuation

  Residential

  $2,730,062

  Hospitality

  $2,500,722

  Educational

  $2,080,571

  Medical

  $2,152,125

  Retail

  $3,236,444

Location Insight

City

Athens

County

Mcminn

State

Tennessee

Latitude

35.5033

Longitude

-84.614

CBSA code

11940

CBSA name

ATHENS, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].