405 Chickamauga Drive, Dayton, TN 37321 | MLS #1262506

  • $3,200,000
405 Chickamauga Drive, Dayton, TN 37321
Multi-Family Active
405 Chickamauga Drive, Dayton, TN 37321 | MLS #1262506
405 Chickamauga Drive, Dayton, TN 37321
  • $3,200,000

Overview

  • 2021
  • Year Built
  • 0
  • Bathroom

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 efficient layout and design, this property is well-suited for meeting the demand for
affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. Investors looking to make a meaningful impact in the community by converting hotel space into workforce housing will find this property a compelling and promising opportunity.

The sale price includes an allocation of $300,000 for the adjacent 1.4-acre parcel and all construction plans for
Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If
desired, plans can be modified to include more units and/or garages.

Details

  • Property ID: 1262506
  • Price: $3,200,000
  • Bathroom: 0
  • Year Built: 2021
  • Property Status: Multi-Family

Additional details

  • Square Footage: 22528
  • Directions: Chickamauga Dr
  • Flooring: Other
  • Heating: Other
  • High School: Rhea County
  • Lot Dimensions: IRR
  • MLS Status: Active
  • Parcel Number: 090P C 007.00
  • Parking Features: Other
  • Listed By: NAI Koella l RM Moore
  • Address Chickamauga
  • City Dayton
  • State/County Rhea County - 42
  • Zip Code 37321

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