Contacts

Heidi Adams

NAI Koella | RM Moore

Property Details

Property Type Multi-Family
Property Size 22,528 SF
Units 26
Lot Size 2.17 Acre
Additional Rent Contact for pricing
Year Built 2021
Date Updated Dec 10, 2024

Situated in the heart of Dayton, TN, the surrounding area of the property offers a delightful mix of natural beauty and modern amenities. Just a short distance from the scenic Chickamauga Lake, residents can enjoy an array of waterside activities, including fishing and boating. The historic downtown district is close by, providing a charming selection of local shops, eateries, and cultural attractions. For multifamily property operators, the property's close proximity to major highways and transportation centers makes it an ideal location for residential living. With its blend of scenic vistas and urban conveniences, this area presents a compelling opportunity for multifamily property investment.Presenting an exceptional opportunity for workforce housing/multifamily 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 or workforce housing, this property presents an ideal prospect for investors seeking to repurpose hotel space. With its spacious layout and modern design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. Investors looking to make a meaningful impact in the community through the conversion of hotel space into workforce housing will find this property to be a compelling and promising opportunity. The sale includes the adjacent 1.4-acre parcel and all construction plans for Phase II of the development. It would allow an investor to add 26 units if constructed according to plan. If desired, plans can be modified to include more units and/or garages.

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Highlights

- 22,528 SF newly built property
- 26 modern, spacious units
- Zoned for Commercial - Hospitality use (seller is currently rezoning for MF)
- Potential for conversion to multifamily housing
- Ideal for low-rise/garden-style residential development
- Prime investment opportunity in the thriving Dayton area
- Contemporary design and layout
- Well-suited for workforce housing conversion
- Designed to meet the demand for quality residential accommodations
- Versatile property for multifamily real estate investors

Attachments

NEW Offering Memorandum (L) (PDF) opens in new window

Getting around

44/100
Walk Score ®
45/100
Bike Score ®

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City Dayton, TN
Zip Code 37321
Market Chattanooga

Points of Interest

BP

0.12 miles
Pro Muffler & Brakes (Gas Station)

0.46 miles
Jiffy

1.07 miles
Exxon

2.66 miles
Murphy USA

3.19 miles
Rocky Top Mart

6.00 miles
76

7.58 miles
Citgo

9.14 miles
Shell

9.97 miles

Coulter-Garrison Funeral Home Parking

0.34 miles
Courthouse Parking

0.37 miles
Church of Christ Parking

0.48 miles
Laurel-Snow Trailhead

2.48 miles
Overlook Parking

5.75 miles
Hiwassee Wildlife Refuge

6.47 miles

Sleep Inn & Suites

1.77 miles
Scottish Inns & Suites

2.26 miles
Econo Lodge

2.44 miles
Holiday Inn Express

3.58 miles

Food City

1.17 miles
United Grocery Outlet

2.20 miles
Walmart Supercenter

3.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

The Lodge

405 Chickamauga Drive, Dayton, TN 37321