SOLD! – Mayor’s Mansion Inn Bed and Breakfast for Sale

Property Address: 801 Vine Street
Chattanooga, TN 37403
Contact: Valerie Gallups, Agent
The Chattanooga Commercial Team
317 Sylvan St, Suite A
Chattanooga, TN 37405
Contact Telephone: 4235035591
Contact Toll-Free: n/a
Contact Fax: n/a
Email: valerie.commercialrealestate@gmail.com
Owner(s): Mark and Cindi Ladd
Property URL: https://commercial.gcar.net/listing/Z02Hvd0V82M/801-Vine-St-Chattanooga-TN-37403
Date Business Established: n/a
Trade Association Affiliations: n/a
Financials Verified: Yes

Area Description: Now serving Chattanooga and located in the Fort Wood Historic District, adjacent to the University of Tennessee at Chattanooga campus, the Mayor’s Mansion Inn Bed and Breakfast is truly dedicated to making your client’s stay in Tennessee as unforgettable as the Chattanooga surroundings. The Mayor’s Mansion Inn Bed and Breakfast is conveniently located to such well-known Chattanooga, TN attractions as the Tennessee Aquarium, Ruby Falls, Rock City Garden and Lookout Mountain.

Site Description: Experience the historical elegance of the Mayor’s Mansion Inn Bed and Breakfast. This 11-room bed and breakfast mansion inn, built in 1889, was home to Edmond G. Watkins, who later became the Mayor of Chattanooga, Tennessee. In addition to the 11 guest rooms, there is a studio apartment designated for an on-site manager, which could also be re-purposed as a spa. The owner’s apartment is on the lower level and features a full kitchen, living room, bedroom, bathroom and office nook. The Mayor’s Mansion Inn serves the community in a variety of ways including being a popular venue for weddings, corporate events, luncheons, in addition to creating an inviting historical environment for guests to “get away”.

Structural Description: Built in 1889 with many modern updates and beautiful stone structure.

Offering: The owners are ready to retire and have priced this Inn ready for sale! They have just recently lowered the price to $1,575,000.

• Occupancy %: n/a
• Average Daily Rate: n/a
• Income from Room Sales: $477,476
• Property Taxes: n/a
• Electric: n/a
• Water and Sewer: n/a
• Gas: n/a
• Insurance: n/a