| Landmark 10-Room
Motel Near Oneida
299 Galloway Road
Helenwood, TN
Thursday, June 4th 2009 - 12:00 Noon
Authentic
Americana!
Landmark 10-Room Motel Near Oneida
·
Landmark motel built in
1953 with original sandstone features. Charming 10-Room operating motel
with experienced live-in manager.
·
Improvements include a
large, circular lobby and attached manager’s apartment.
·
Opportunity for operating
as a bed & breakfast.
·
Less than 3 miles from the
Scott Municipal Airport. Just off the main highway to the Big South
Fork National River & Recreation Area.
·
Approximately 3,630 Square
Feet
·
Approximately 1.81 Acres of Land
Interior Description:Each room conveys
with two (2) twin beds, a 19” television, coffee maker, a microwave, a
refrigerator, a desk, dresser and private bathroom. The beds are less
than two years old. The spacious lobby accommodates a large number of
people as well as the motel’s office and connects to the onsite
apartment. An experienced manager currently lives in the apartment and
keeps the motel running twenty-four (24) hours a day, seven (7) days a
week.
Percent Occupied: 70% occupied yearly average
Typical Square Foot per Room: Approximately 210 SF
Year
Built: 1953 and then renovated in 2008
Siding: Original Sandstone from the area
Heat Type: Electricity
Heat
Source: Heat / Air Conditioning Wall Unit
Internet: High Speed Internet Available for All Rooms
via Wireless
Connections
Exterior Description:
The original sandstone
structure was built in 1953. The Galloway Inn Motel is a landmark
in the
area of Helenwood and Oneida, TN. The motel was built on a fairly flat
piece of land with ten rooms and an apartment attached to the lobby.
Each room has its own rocking chair at the door. The motel also has a
laundry cottage that is separated from the original sandstone structure.
Parking Spaces: Fifteen (15) total parking spaces
Parking Type: Cars and small RVs only
Roof: Sheet metal – Replaced in 2006
Traffic Count: The closest traffic count station is TDOT
station 0030. The traffic count through that station is
13,776 AADT.
Utilities
Available: Electric /
Water / Sewer
Zoning: Property is located
in Scott County and has no Zoning Regulations
Estimated Real Estate Taxes:
Approximate Annual Real Estate County Taxes – Approx. $1,023.68
Taxes to be
pro-rated at closing.
Directions: From Knoxville, Travel North on I-75 to Exit 141(TN 63
W) go towards Huntsville/Oneida. Go west (left) at Howard Baker Hwy/TN
63 for 20.3 miles. North (right) at Scott Hwy (US-27) for 3.6 miles.
Turn on Galloway Drive.
Terms:
10% Buyer's Premium - Successful bidders will deposit 10% of the
purchase price (including Buyer's Premium) and is due today in the form
of cash, cashier's check, personal or company check plus a real estate
sales contract must be signed. Balance is due in certified funds at
closing.
CLOSING MUST OCCUR WITHIN 20 DAYS OF SALE DATE. NO EXTENSIONS
AVAILABLE.
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