Marcus & Millichap is pleased to offer for sale a fee-simple interest in the 90-unit, Econo Lodge located in Greeneville, Tennessee. This well-appointed hotel was constructed in 1968 and is being offered well below replacement costs with the ability to retain the current franchise. The well appointed guest rooms with colorful accents feature free Wi-Fi, flat-screen TVs, desks, as well as coffeemakers, minifridges and microwaves. The current franchise offers continental breakfast buffet and complimentary parking. Additional amenities include a fitness center, seasonal outdoor pool and event space. The hotel is conveniently located off 11E near Interstate 81 and about 40 miles north of Tri-City Airport.
Greeneville is located roughly halfway between Bays Mountain to the northwest and the Bald Mountains to the southeast. The valley in which the town is situated is part of the watershed of the Nolichucky River, which passes a few miles south. The hotel is centrally located near Tusculum College and the Davy Crockett Birthplace State Park. Visitors can also enjoy other local sites and attractions, including the Dickson-Williams Mansion, the Nathanael Greene Museum and the Niswonger Performing Arts Center.
The city of Greeneville is situated approximately 70 miles northeast of Knoxville and is the county seat of Greene County which part of the Johnson City-Kingsport-Bristol TN area known as Tri-Cities region. This Tri-Cities region has a reported population estimated at 510,761. Greeneville is nestled at the foot of the Appalachian Mountains and has a rich heritage as the town where President Andrew Johnson began his political career. Greeneville is known for its scenic mountains and agricultural traditions.