15220 Highland Dr
Mc Kenzie, TN 38201

"OPERATING MOTEL" The only location left in McKenzie on a corner with a stop light! 1.9 acre tract with 440' of hwy 79 frontage. The property has a operating Motel which has extensive recent upgrades. 44 Rooms with 35 in use. Selling for the Estate of the present Owner! GREAT SPACE TO DEVELOP! This motel has no numbers that can be used for a lender! The Owner has been deceased for over two years, I am working for his Estate. The Owner was in the process of renovating the Motel and after his death two of the workers stayed on, (live at the Motel and rent enough rooms to cover expenses), since they have not cost the Estate anything they let them stay. We only have one other Motel in McKenzie, a Best Western and we have a University in town so the need for a second Motel is great. I’m selling the location, last location in town with a stoplight. McKenzie has population of 5500 + another 1,200 students at Bethel University. There is 440’ of Hwy 79 frontage and that frontage sells for $1,200 per foot, also the corner lot with stoplight would add value.REDUCED FROM $535,000 8/08/18 NOTE TO BROKERS: THE BROKER THAT BRINGS A CASH BUYER FOR THIS LISTING WILL GET A 5% COMMISSION! Thanks, Roger 731-415-3898