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Presenting an exceptional opportunity for workforce housing 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 workforce housing, this property presents an ideal prospect for investors seeking to repurpose hotel space. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. Investors looking to make a meaningful impact in the community by converting hotel space into workforce housing will find this property a compelling and promising opportunity. The sale price includes an allocation of $300,000 for the adjacent 1.4-acre parcel and all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If desired, plans can be modified to include more units and/or garages.PROPERTY FEATURES
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PROPERTY DETAILS
Street Address: 405 Chickamauga Drive
City: Dayton
State: Tennessee
Postal Code: 37321
MLS Number: 1262506
Year Built: 2021
Courtesy of NAI Koella l RM Moore
City: Dayton
State: Tennessee
Postal Code: 37321
MLS Number: 1262506
Year Built: 2021
Courtesy of NAI Koella l RM Moore
Courtesy of AFM Real Estate