The Lodge

405 Chickamauga Drive, Dayton, TN 37321

  • For Sale $3,950,000
  • Property Type Multi-Family
  • Property Size 22,528 SF
  • Units 26
  • Lot Size 2.17 Acre
  • Year Built 2021
  • Date Updated Apr 25, 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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Attachments

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

Contacts

broker

Heidi Adams

NAI Koella | RM Moore

(865) 862-6412

Location

Getting Around

  • Walk Score ®

    44/100 Car-Dependent
  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • 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

  • Dayton Coffee Shop

    0.28 miles

  • Screen Door Cafe

    0.91 miles

  • Krystal

    1.07 miles

  • MoMo's Bar BQ

    1.27 miles

  • Zaxby's

    1.49 miles

  • Vietnamese Bistro

    1.54 miles

  • Huddle House

    1.60 miles

  • McDonald's

    1.71 miles

  • Steak 'n Shake

    1.76 miles

  • Carrabelle's

    1.78 miles

  • Chattanooga State Technical College (Dayton Campus)

    0.20 miles

  • Bryan Library

    0.50 miles

  • Rudd Auditorium

    0.53 miles

  • Mercer Hall

    0.55 miles

  • Bryan College

    0.56 miles

  • Dayton City Elementary School

    0.56 miles

  • Summers Gymnasium

    0.72 miles

  • Spivey School

    1.65 miles

  • Frazier School

    3.51 miles

  • Waldens Ridge Elementary School

    4.56 miles

Frequently Asked Questions

What is the lease rate for The Lodge?

Rental asking rate at The Lodge is $1,975,000.00/YR.

What is the total square footage of The Lodge?

The Lodge totals 22,528 square feet.

When was this property built?

The Lodge was built in 2021.

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Contact Listing Broker

broker

Heidi Adams

NAI Koella | RM Moore

(865) 862-6412