25 Unit Motel With Potential Studio Apt Conversion

Highlights:

• 10,906 SF building
• 25 units
• Built in 1957
• Zoned C-2
• Ample on-site parking
• Prime location in the Etowah area

Description:

Introducing a prime investment opportunity located at 356 N Tennessee Ave, Etowah, TN. This 10,906 SF building on 0.9 acres, originally housing 25 currently operating motel units, offers the potential for conversion into stylish studio apartments. This property holds significant potential for a hospitality or economy investor seeking a versatile asset. Zoned C-2, it provides flexibility for various business endeavors. With its strategic location in the Etowah area, this property presents an ideal canvas for a savvy investor to capitalize on its historical charm and abundant space, catering to the needs of the local community for affordable housing. Opportunity awaits at this well-positioned property.

Nestled in the charming town of Etowah, TN, this small motel presents a prime opportunity for redevelopment into stylish studio apartments. Located only 0.9 miles from Star Regional Medical Center (which has 160 beds and over 690 staff members). The surrounding area offers a blend of small-town charm and modern convenience, with proximity to local amenities such as the stunning Hiwassee River, perfect for outdoor activities, and the historic L&N Depot Museum. Etowah's picturesque downtown area features local shops, eateries, and community events, providing a welcoming environment for new residential opportunities. With its convenient location near major roadways, the property is an ideal canvas for investors seeking to transform it into modern, in-demand studio apartments.