1421 Murrays Chapel Rd
#
Sweetwater
TN
37874
Patrick Szydlik
(619) 343-8619
1421 Murrays Chapel Rd
#
Sweetwater
TN
37874
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1421 Murrays Chapel Rd

Sweetwater

TN

37874

This 134 unit hotel was appraised at 2.2 million in 2017, however the appraisal was done on operational 84 units. There is a remaining 46 hotel rooms and 4 suites. Since the 2019 purchase of the property the 84 units as well as surrounding amenities and facilities have received an additional 895k in upgrades (material only cost). The 2017 appraisal estimated the room value to be at $26,000 per room (pre upgrades). The additional 46 rooms have an estimate of $5,000 per room completion cost as well as a $28,000 water heater required. This does not include the value of 4 suites. The total completion estimate would be about $258,000 however the additional equity at $26,000 per room would exceed $1,170,000. We estimate this hotel to be worth between $3,300,000- $3,600,000 million. The Hotel also comes with an Operational Sports bar which received $150,000 in upgrades in the last 9 months, which was also not included in the 2017 appraisal. This bar is the only bar in a 5 mile radius. This hotel also features a 65 ft tall dual-sided billboard visible from two major freeways, Huge Ballroom for events and weddings, Glass Atrium (100 ft long) with covered pool and seating for guests, and a restaurant (previously Denny’s), and 170 parking spots. The restaurant is not operational at the moment and would need to be refurbished. This hotel can also acquire a Casino License if it meets the standards of Tennessee Casino Law. This property is being offered at $2,500,000, approximately 1 million below market value to encourage a fast transfer of ownership. This hotel also maintains about 40+ long term residents to maintain cash flow while having plenty of room for nightly stays. One exit away is a 3 year project with 1,500 workers breaking ground that when finished will bring 3,500 jobs to the plant.
134
bedroom
bath
170
spaces
75821
sq. ft.
1974
Hotel
No items found.
For Sale
$
2500000
Request Price
Hotel
75821
sqft
134
bds
bth
170
prk
1974
est
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1421 Murrays Chapel Rd

Sweetwater

TN

37874

This 134 unit hotel was appraised at 2.2 million in 2017, however the appraisal was done on operational 84 units. There is a remaining 46 hotel rooms and 4 suites. Since the 2019 purchase of the property the 84 units as well as surrounding amenities and facilities have received an additional 895k in upgrades (material only cost). The 2017 appraisal estimated the room value to be at $26,000 per room (pre upgrades). The additional 46 rooms have an estimate of $5,000 per room completion cost as well as a $28,000 water heater required. This does not include the value of 4 suites. The total completion estimate would be about $258,000 however the additional equity at $26,000 per room would exceed $1,170,000. We estimate this hotel to be worth between $3,300,000- $3,600,000 million. The Hotel also comes with an Operational Sports bar which received $150,000 in upgrades in the last 9 months, which was also not included in the 2017 appraisal. This bar is the only bar in a 5 mile radius. This hotel also features a 65 ft tall dual-sided billboard visible from two major freeways, Huge Ballroom for events and weddings, Glass Atrium (100 ft long) with covered pool and seating for guests, and a restaurant (previously Denny’s), and 170 parking spots. The restaurant is not operational at the moment and would need to be refurbished. This hotel can also acquire a Casino License if it meets the standards of Tennessee Casino Law. This property is being offered at $2,500,000, approximately 1 million below market value to encourage a fast transfer of ownership. This hotel also maintains about 40+ long term residents to maintain cash flow while having plenty of room for nightly stays. One exit away is a 3 year project with 1,500 workers breaking ground that when finished will bring 3,500 jobs to the plant.

Patrick Szydlik

Co-Founder

(619) 343-8619

patrick@realestatesocialpros.com

Real Estate Marketing Specialist

ADDITIONAL PROPERTIES

COMING SOON

Patrick Szydlik

Co-Founder

(619) 343-8619

patrick@realestatesocialpros.com

Real Estate Marketing Specialist

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1421 Murrays Chapel Rd
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Assets Completed For
1421 Murrays Chapel Rd
3 Main Slider Images Added
Domain Purchased, DNS Set & Forwarded
Authorized Property Page Created
MLS Property Page Created
Beds,
Baths,
Parking,
Sq. Ft.,
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Type
Description Added
Property Status Selected
360 Virtual Tour Cover Image Added
360 Virtual Tour Added
Property Video Cover Image Added
Property Video Added
Image Gallery Photos Added
VIDEO File(s) Ready For Download
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LARGE Photos Ready For Download
AERIAL Photos Ready For Download
FLOORPLANS Ready For Download

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Patrick Szydlik
(619) 343-8619
patrick@realestatesocialpros.com

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1421 Murrays Chapel Rd Property Presentation (All Assets Included)


Hello Patrick Szydlik,

Below are links to all of the assets that have been created for 1421 Murrays Chapel Rd

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Property Page Domain (Includes 1 Year Of Domain Payment):


Authorized Property Presentation URL (Includes Branding & Contact Info):
https://www.authorized.company/property/1421-murrays-chapel-rd-sweetwater-tn-37874

MLS Property Presentation URL (NO Branding or Contact Info):
https://www.authorized.company/mls/

Full-Screen Virtual Tour URL (Tour Only):
https://my.matterport.com/show/?m=

Property Video URL (Including Description, Links & Tags On YouTube):
Links To Download Files:

We appreciate your business and are always here to help.

Thanks,
The Authorized Team

1421 Murrays Chapel Rd Property Presentation (All Assets Included)



Hello Patrick Szydlik,

Below are links to all of the assets that have been created for 1421 Murrays Chapel Rd

NOTE: You can always find all of your property assets in your Authorized Dashboard

Property Page Domain (Includes 1 Year Of Domain Payment):


Authorized Property Presentation URL (Includes Branding & Contact Info):
https://www.authorized.company/property/1421-murrays-chapel-rd-sweetwater-tn-37874

MLS Property Presentation URL (NO Branding or Contact Info):
https://www.authorized.company/mls/

Full-Screen Virtual Tour URL (Tour Only):
https://my.matterport.com/show/?m=

Property Video URL (Including Description, Links & Tags On YouTube):

Links To Download Files:

We appreciate your business and are always here to help.

Thanks,
The Authorized Team