Imperial Inn 25E Tazewell
Hospitality
for Sale
| Catylist Listing ID: |
30844356 |
| Property Subtypes: |
Hotel, Motel
|
| Number of Units: |
20 Units |
| Building Size (RSF): |
8,740 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
32,234 SF
|
| Sale Price: |
$650,000 |
| Unit Price: |
$32,500 Per Unit |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
11/27/2023 |
Overview / Comments
Imperial Inn, with 20 UNITS (brand new metal roof added). Possible potential for expansion. Property has front office with full kitchen, two bedroom manger suite, & ample parking. Hotel is ready for an owner-operator! The property attracts both boaters & anglers as it is close to Norris Lake. Another possible option could be turning hotel into longer term rental units for collage students attending LMU. Excellent road frontage & visibility for tourists passing through. This property is being sold as is. Owners are selling do to heath reasons.
|
Additional Details
| Nearest MSA: |
Knoxville |
| County: |
Claiborne |
| Tax ID/APN: |
013083I A 00301 |
| Zoning: |
IMPERIAL INN |
| Property Visibility: |
Excellent |
| Property Condition: |
Good |
| Year Built: |
1963 |
| Parking Type: |
Surface |
| Heat Type: |
Electricity |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
845 |
7,662 |
14,357 |
| Median Age: |
45.51 |
41.14 |
40.88 |
| Households: |
373 |
3,088 |
5,801 |
|
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