Description:
FORECLOSURE AUCTION – Excellent investment opportunity to purchase a limited service, interior corridor, 87 guest room hotel in Kingsport, TN. This 31,860 SF, three story property is currently operating as the Stratford Inn. Built in 1993, it has a lobby, office area with laundry area, vending and mechanical rooms, and a housekeeping area. The property also has an elevator, three stairwells, and carpeting throughout. The guest rooms are believed to include five double bedrooms, three handicap single rooms and 79 single rooms. The parking lot has 69 spaces. The subject property is located on a Ground Lease, with extension permitted until July 31, 2078. The property is located in a very high visibility area of Kingsport on Highway 11. It is adjacent to several chain as well as local dining venues as well as numerous retail and grocery shopping businesses.
Directions:
Directions to the auction location: From I-81 take exit #69/Highway 394 South 0.9 miles, turn left on Highway 126, go 0.4 miles arrive at the courthouse on Left.
Directions to the property: From US 23 take exit #55, go west on West Stone DR/US 11/becomes East Stone, go 4.0 miles arrive at property on left: 1708 E Stone Drive, Kingsport, TN 37660
Contact Information: For more information please contact Tim Mast at (270) 769-0284.
License Number: TN4425
Click Here to Download an Information Package
For more details and photos, go here to View the Salebill
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