Courtesy: Bridge Pointe Real Estate JC
423-226-6101
Unique Investment Opportunity for a creative and open minded investor...... Short term seller financing will be considered Own a motel/micro apartments neighboring a golf course! This 69 room motel is grandfathered in and able to be reopened as a motel, weekly/monthly/extended stay.... OR petition for rezoning and do apartments! Formally known as Budget Inn Renamed as Buffalo View Motel - www.buffaloviewmotel.com - domain name transfer to new owner is included if they want. It was closed due to lack of management and guests staying at the motel. Some of the leg work that has been done: Sprinklers can be updated for $30-50k - all sprinkler heads and the dry pump must be replaced. Erwin Utilities is willing and able to provide fiber optic internet at 1gb or higher speed. Erwin Utilities will connect electric service to the existing electrical panel and passed an electrical inspection 6/6/2022 Johnson City Utility System will provide sewer service. Unicoi County will provide water service A structural engineer evaluate the property and he said the sidewalks and back concrete deck area need to be replaced. Roof maintenance has been done. It has an EPDM membrane roof that was installed in 2011. Retaining wall repair done on the side closest to the road. Survey done and the property corners are marked. Rezoning will take about 6 months, so there won't be a seller contingency for this. This opportunity is being sold as-is and is an excellent way to create your own equity and acquire a motel that if rented into micro apartments at $650/month including utilities you have a $4.48m valued asset BEFORE you do anything with the restaurant, meeting rooms or add extras to this. Mini storage? This motel is currently sitting on 5.18 acres with ample space for you to daydream of what could be! Creating positive cashflow and increasing your assest's value by what you do with the property Buyer/buyer's agent to verify
Courtesy: TCI Group - Jerry Petzoldt Agency, LLC
423-230-0255
NEW LOWER RATE! Attention office-seekers! Available March 2024, 6,500 sq ft of traditional office space now under renovation. Built in 1997, the 15,047 sq ft facility it is currently occupied by USDA Forest Service Cherokee National Forest Watauga Ranger Station, however, plans are underway to downsize and lease the excess office area. The inside remodel construction is well underway and on schedule to be available for a new tenant in early March 2024. The owner will consider dividing the 6,505 square feet of available space into two units if a qualified tenant desires less space. On proposed detailed floor plan attached, the space will include its own entrance, lobby area, 10 offices, a conference room, an open work area and restrooms. This could be adjusted slightly as separation of space takes place but approximates the area to be available. Large open paved parking lot should easily accommodate both entities. Owner is seeking solid stable tenant with minimum initial term 5 to 15 years and space may be divided. Nearby businesses include Town of Unicoi Visitor Center, Mountain Commerce Bank, Maple Grove restaurant and across from popular Pinnacle Mountain Fire Tower Trail. Make plans now if you're looking to expand or relocate, this is the ideal spot in Northeast Tennessee to grow your business. Owner will consider lease incentives, contact agent for more information!
Unicoi is located in Tennessee. Unicoi, Tennessee has a population of 3,556. Unicoi is more family-centric than the surrounding county with 27.04% of the households containing married families with children. The county average for households married with children is 25.49%.
The median household income in Unicoi, Tennessee is $39,500. The median household income for the surrounding county is $36,576 compared to the national median of $57,652. The median age of people living in Unicoi is 41 years.
The average high temperature in July is 85.5 degrees, with an average low temperature in January of 26.7 degrees. The average rainfall is approximately 50.8 inches per year, with 8.2 inches of snow per year.
