The Lodge

For Sale

405 Chickamauga Drive, Dayton, TN 37321

This Dayton property for sale is located at 405 Chickamauga Drive. The current listed sale price for The Lodge is $3,950,000. The Lodge is situated on a lot that is 2.17 acre in size.

Contacts

broker

Heidi Adams

NAI Koella | RM Moore

(865) 862-6412

Property Details

  • Property Type Multi-Family
  • Property Size 22,528 SF
  • Units 26
  • Lot Size 2.17 Acre
  • Year Built 2021
  • Date Updated Apr 17, 2024
Situated in the heart of Dayton, TN, the surrounding area of the property offers a delightful mix of natural beauty and modern amenities. Just a short distance from the scenic Chickamauga Lake, residents can enjoy an array of waterside activities, including fishing and boating. The historic downtown district is close by, providing a charming selection of local shops, eateries, and cultural attractions. For multifamily property operators, the property's close proximity to major highways and transportation centers makes it an ideal location for residential living. With its blend of scenic vistas and urban conveniences, this area presents a compelling opportunity for multifamily property investment.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 spacious layout and modern design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. Investors looking to make a meaningful impact in the community through the conversion of hotel space into workforce housing will find this property to be a compelling and promising opportunity. The sale includes the adjacent 1.4-acre parcel and all construction plans for Phase II of the development. It would allow an investor to add 26 units if constructed according to plan. If desired, plans can be modified to include more units and/or garages.

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Highlights

  • - 22,528 SF newly built property
  • - 26 modern, spacious units
  • - Zoned for Commercial - Hospitality use
  • - Potential for conversion to multifamily housing
  • - Ideal for low-rise/garden-style residential development
  • - Prime investment opportunity in the thriving Dayton area
  • - Contemporary design and layout
  • - Well-suited for workforce housing conversion
  • - Designed to meet the demand for quality residential accommodations
  • - Versatile property for multifamily real estate investors

Attachments

Getting around

  • 44/100

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  • 45/100

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Location

  • City Dayton, TN
  • Neighborhood Dayton
  • Zip Code 37321
  • Market Chattanooga

Points of Interest

  • BP

    0.11 miles

  • Jiffy

    0.11 miles

  • Pro Muffler & Brakes (Gas Station)

    0.46 miles

  • Jiffy

    1.07 miles

  • BP

    2.62 miles

  • Exxon

    2.66 miles

  • Eagle Exxon

    2.67 miles

  • Murphy USA

    3.19 miles

  • Rocky Top Mart

    6.00 miles

  • Citgo

    9.14 miles

  • Coulter-Garrison Funeral Home Parking

    0.34 miles

  • Courthouse Parking

    0.37 miles

  • Church of Christ Parking

    0.48 miles

  • Laurel-Snow Trailhead

    2.48 miles

  • Overlook Parking

    5.75 miles

  • Hiwassee Wildlife Refuge

    6.47 miles

  • Sleep Inn & Suites

    1.77 miles

  • Food City

    1.17 miles

  • United Grocery Outlet

    2.30 miles

  • Walmart Supercenter

    3.02 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Heidi Adams

NAI Koella | RM Moore

(865) 862-6412