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1029 Over Mountain Dr
Elizabethton, TN 37643
Asking Price
$1.35M
Asset Type
Commercial Retail
Class
Class B
What's Special
Prime 2.85 Acre Commercial Site – Ideal Hotel Development! <ul><li>Cleared and ready for development, this corner site sits directly on Over Mountain Drive and Militia Court adjacent to Walmart.</li><li>Environmental Phase 1 and Phase 2 are complete including Can testing. All Soils tests are also completed.</li><li>An area feasibility study shows a clear need for hospitality supporting a 92-room hotel and other related uses.</li><li>City leaders are in full support of development with engineering complete for traffic infrastructure changes and upgra
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NOI
$80,000
Cap Rate
5.93%
DSCR
1.00
Underwater
Cash-on-Cash
-0.04%
Monthly Payment
$6,679.063
Annual Cash Flow
$-148.761
