1 of 7

Want to see this property?

405 Chickamauga Drive

Dayton, TN 37321

– beds
– baths
22,528 sqft
$142 per sqft
2021 build
– on site

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 Seller will credit estimated conversion costs to the Buyer at closing. 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.

Listing courtesy of KAARMLS / NAI Koella l RM Moore

Last checked: Checking… • Last updated May 11, 2024 •

MLS# 1262506 —

The Building

Year Built:

2021
New Construction:

No
Construction Materials:

Other
Architectural Style:

None
Direction Faces:

None
Roof:

None
Stories:

None
Stories Total:

None
Basement:

None
Patio & Porch Features:

None
Security Features:

None
Accessibility Features:

None
Building Area Total:

22528.0

Interior

Rooms Total:

None
Flooring:

Other
Fireplace:

No
Fireplaces Total:

None
Fireplace Features:

None
Laundry Features:

None

Room Dimensions

Living Area:

None
Living Area Units:

None
Living Area Source:

None

Location

Directions:

Chickamauga Dr

The Property

Parcel Number:

090P C 007.00
Property Type:

Multi-Family
Property Subtype:

None
Lot Features:

None
Lot Size Dimensions:

IRR
Lot Size Source:

None
Zoning:

None
Zoning Description:

None
Current Use:

None
Possible Use:

None
Topography:

None
View:

None
Fencing:

None
Waterfront:

No
Water Body Name:

None
Frontage Type:

None
Road Frontage Type:

None
Property Attached:

No

Listing Agent

Contact info:

Taxes

Tax Annual Amount:

None

Beds

Bedrooms Total:

None

Baths

Full Baths:

None
Three Quarter Baths:

None
Half Baths:

None
Partial Baths:

None
Quarter Baths:

None

The Listing

Virtual Tour URL Branded:

None
Buyer's Agency Compensation:

2.8000

Heating & Cooling

Heating:

Other
Heating:

true
Cooling:

No

Utilities

Utilities:

None
Electric:

None
Sewer:

None
Water Source:

None

Schools

Elementary School District:

None
Middle Or Jr High School District:

None
High School:

Rhea County

The Community

Senior Community:

No
Community Features:

None
Pool Private:

No
Pool Features:

None
Spa Features:

None
Association:

No
Association Fee:

None
Association Fee Includes:

None
Association Fee Frequency:

None

Parking

Attached Garage:

false
Carport Spaces:

None
Parking Features:

Other

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
5/10/24 May 10, 2024	Listed / Active	KAARMLS	$3,200,000

Want a closer look?

Go see 405 Chickamauga Drive

Or Call Toll Free 1-800-241-3327

We guarantee that we’ll never spam you.

* indicates a required field

More homes

Newest listings in Dayton, TN

Similar sold homes

This multifamily located in Dayton, TN 37321 is currently for sale for $3,200,000. 405 Chickamauga Drive is a 22,528 square foot multifamily with – beds and – baths that has been on Estately for 12 days. This multifamily is in the attendance area of Dayton City Elementary School.

Listing Courtesy of: KAARMLS and NAI Koella l RM Moore.

The information is being provided by Multiple Listing Service of the Knoxville Area Association of REALTORS. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. 2024 Multiple Listing Service of the Knoxville Area Association of REALTORS. All Rights Reserved.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.