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
Property Visibility: Excellent
Property Condition: Good
Year Built: 1963
Parking Type: Surface
Heat Type: Electricity
Water Service: Municipal
Sewer Type: Municipal

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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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