Rare hospitality investment opportunity in Centerville, Tennessee. This 39-key Econo Lodge Inn & Suites includes two additional on-site staff apartments, providing added operational flexibility for ownership and management. The approximately 22,134-square-foot property features an outdoor swimming pool and operates under an established franchise that is transferable, subject to franchisor approval and requirements. The property has generated a historical average NOI of approximately $175,000, with 2024 gross revenue of approximately $544,000. Current performance presents a compelling value-add opportunity for an experienced operator to increase occupancy, strengthen revenue management, and improve overall operating performance. Offered at $2,100,000, this is an opportunity to acquire an established hospitality asset with existing operations, additional on-site staff housing, and potential upside. Financial information and additional due diligence materials are available to qualified prospects.
| MLS # | 3513520 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1997 |
| Days On Site | 62 |
| Listing Provided By | X Factor Realty Group, Inc. | Tina I. Jones |
| SQ Feet | 22,134 |
|---|---|
| Zoning | C-2 |
| Acreage | 1.82 |
| State | TN |
|---|---|
| County | Hickman County |
| City | Centerville |
| Zip Code | 37033 |
| Area | Hickman County | TN |
| Listing VS Median (in 37033) | |
Price: $2,100,000 low | high Med: $384,900 sqft: 22,134 low | high Med: 2,304 $ / sqft: $95 low | high Med: $167 On site: 62 low | high Med: 105 | |
| State | TN |
|---|---|
| County | Hickman County |
| City | Centerville |
| Zip Code | 37033 |
| Area | Hickman County | TN |
| Listing VS Median (in 37033) | |
Price: $2,100,000 low | high Med: $384,900 sqft: 22,134 low | high Med: 2,304 $ / sqft: $95 low | high Med: $167 On site: 62 low | high Med: 105 | |