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Haven Extended-Stay Motel
1014 Cosby Hwy, Newport, TN 37821
Available Now
39 views
1 / 2
FOR SALEMultifamily / Apartments Building
Cap Rate
12.5%
NOI
$436,862
Building Size
21,864SF
APN
01505601801
Lot Size
1.8AC
Year Built
1979
Listing Contacts
More property details
Zoning
C-3
Currently Leased
No
No of Stories
2
Location
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Haven Extended-Stay Motel
About the location
Cushman & Wakefield’s Hospitality Group has been engaged to market for sale the fee simple interest in the 55-room Haven Extended-Stay Motel located in Newport, Tennessee. This two-story extended-stay hotel sits directly off Interstate-40 and Cosby Highway, offering strong visibility and easy accessibility. The property provides several value-add opportunities, such as repositioning, enhancing amenities and features, and expanding marketing efforts. The Haven Motel represents an attractive investment opportunity to acquire a 55-room independent asset with steady operations, low overhead, and a consistent income stream.