4825 East Andrew Johnson Highway, Greeneville, TN 37745
sale
$850,000
|
Commercial-Other
Listed By CENTURY 21 Legacy
27-unit motel on approximately 2 acres fronting E Andrew Johnson Hwy (US-11E/US-321) in Greeneville, Tennessee. The property operated through 2025, with gross revenue reported at approximately $360,000, and is currently closed until a sprinkler system is installed. That gives a buyer the chance to acquire an income-producing motel at a discount, complete the upgrade, and return it to service. The site sits on the four-lane divided corridor connecting Greeneville with Jonesborough, Johnson City and the wider Tri-Cities region, minutes from Tusculum University. Greeneville's housing market has tightened, with home prices climbing and inventory shrinking. That makes weekly and extended-stay lodging a natural fit for the workforce drawn by the county's manufacturing growth, along with traditional overnight highway and university traffic. The B-2 zoning allows the motel to continue as a permitted use and gives a buyer flexibility for other commercial uses on the 2-acre site.
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Property Features
- Building Area: 10518.00 SF
- Cooling: Other A/C
- Cross Docks: N
- Exterior Description: Brick
- For Auction: N
- Heating Type: Other
- Lot Size In Text: 2 Acres
- MLSID: 10002333
- Parking Places: 0
- Price Per Area: 80.81
- Price Upon Request: N
- Sewer: Septic
- Style: Other Style
- Sublease: N
- Water: Municipal Water
- Year Built: 1956
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