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Motel For Sale in Metro Memphis, TN!

LodgingFor Sale in Covington, TN

Financial & Assets Details

$199,999
$130,000

About the Business

Business Description

Motel property is generating $200,000 per year in revenue! Seller's family 100% operates the property.

30 rooms plus 1 manager suite (2 bedrooms, living room, kitchen, dining area and 3 bathrooms all connected).

Occupancy rate is 70%! At least 17 rooms have weekly extended stay customers.

Renovated 2019 new flat 40” screen TVs, new beds, new blinds, new curtains!

45 mins away from Memphis, TN!

The largest city in the county with a population and trade area of 61,366!

Located in the heart of the city, making it easy to visit Tootsie Roll Industries, Unilever Covington Ice Cream Factory, Historic Theatre.

Alex Haley Museum and Interpretive Center and Mid-South Military Museum are cultural highlights, and some of the area's activities can be experienced at Cobb-Parr Memorial Park (less than a mile) and Covington Country Club

Conveniently located on HWY 51.

Only 1 hour away from Memphis International Airport.

Asking Price for the Motel Property is $649,000.

If interested, please email your full name and best contact number to info@riverbrokers.com

Listing ID: TNMotel649k

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