Multifamily/Workforce Conversion Opportunity

405 Chickamauga Drive, Dayton, TN

$3,950,000

Price

22,528 sqft

Building Size

2.17 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
22,528 sqft
Lot Area
2.17 acres
Units
26
Year Built
2021
Description

Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property, originally built in 2021 as a hotel, offers 26 units and is zoned for commercial-hospitality use. Positioned for conversion to multifamily workforce housing, this property presents an ideal prospect for investors seeking to repurpose hotel space. With its spacious layout and modern design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. Investors looking to make a meaningful impact in the community through the conversion of hotel space into workforce housing will find this property to be a compelling and promising opportunity.

The sale includes the adjacent 1.4-acre parcel and all construction plans for Phase II of the development. It would allow an investor to add 26 units if constructed according to plan. If desired, plans can be modified to include more units and/or garages.

Situated in the heart of Dayton, TN, the surrounding area of the property offers a delightful mix of natural beauty and modern amenities. Just a short distance from the scenic Chickamauga Lake, residents can enjoy an array of waterside activities, including fishing and boating. The historic downtown district is close by, providing a charming selection of local shops, eateries, and cultural attractions. For multifamily property operators, the property's close proximity to major highways and transportation centers makes it an ideal location for residential living. With its blend of scenic vistas and urban conveniences, this area presents a compelling opportunity for multifamily property investment.

Highlights
  • - 22,528 SF newly built property
  • - 26 modern, spacious units
  • - Zoned for Commercial - Hospitality use
  • - Potential for conversion to multifamily housing
  • - Ideal for low-rise/garden-style residential development
  • - Prime investment opportunity in the thriving Dayton area
  • - Contemporary design and layout
  • - Well-suited for workforce housing conversion
  • - Designed to meet the demand for quality residential accommodations
  • - Versatile property for multifamily real estate investors
Documents
Location
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