Cloud Springs Lodge is an operating extended stay motel with 120 rooms sitting on approximately 6 acres, with excellent visibility and accessibility to Interstate 75 at Cloud Springs Road. Exit 353 is the Gateway to North Georgia, the first exit south of the Tennessee border, home to Costco, Cabela’s, Gateway Mall & Business Center, shops, restaurants, and convenience stores.
Built in 1980, the motel features a two story, L shaped layout with exterior hallways and stairs. Amenities include a courtyard pool and patio.There is ample onsite parking for occupants. Owner reports net operating income at 7.5% capitalization rate at list price.
In addition to pulling travelers off of I-75, Cloud Springs road is key to local commuter traffic. The property faces northbound traffic on I-75 with daily traffic of nearly 100,000 vehicles per day.
Redevelopment opportunities include upgrading existing facilities or conversion to efficiency apartments. New construction is also feasible for new hotel development, travel center or truck stop, fast casual restaurants, retail, multi-family, or some combination.
Additional land, approximately 2 acres, might also be purchased from separate owner.
- Property Type
Retail
- Year Built
1980
- Total Acres
6.02
- Number of Floors
2
- Number of Buildings
2
- Property ID
2063281
