Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property, originally built in 2021 as a hotel, offers 26 units and is zoned for commercial-hospitality use. Positioned for conversion to multifamily workforce housing, this property presents an ideal prospect for investors seeking to repurpose hotel space. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. Investors looking to make a meaningful impact in the community by converting hotel space into workforce housing will find this property a compelling and promising opportunity. The Seller will credit estimated conversion costs to the Buyer at closing. The sale price includes an allocation of $300,000 for the adjacent 1.4-acre parcel and all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If desired, plans can be modified to include more units and/or garages.
Property Details
Property Features
Property Information:
Year Built: 2021
Living Area: 22,528 SqFt
Listing Office:
Office Name: NAI Koella l RM Moore
Office Phone: (865) 777-3030
Interior Features
Interior Information:
Flooring Type: Other
Exterior Features
Parking Information:
Attached Garage: No
Parking: Other
Utilities
Utilities Information:
Heating: Other
School Info
Assigned Schools Information:
Dayton City Elementary School, Public District Grades PK-8
Other
Directions Information:
Directions: Chickamauga Dr
Price Information
Listing Price Info
Price Summary:
List Price: $3,200,000
Price Per SqFt: $142/SqFt
Tax Information:
Annual Amount: $1,545
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Dayton, TN.
This property is $2.9M more than the Median Sold Price and $36/SqFt less than other homes in Dayton, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: East Tennessee REALTORS® MLS
MLS Number: #1262506
Listing Office:
Office Name: NAI Koella l RM Moore
Office Phone: (865) 777-3030
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.
The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.
Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
5
/10
Dayton City Elementary School
520 Cherry St
Distance between this listing and this school0.62 miles
Public District Grades PK-8
Nearby Schools
5
/10
Rhea Central Elementary School
1005 Delaware Ave
Distance between this listing and this school1.17 miles
Public District Grades KG-5
7
/10
Frazier Elementary School
3900 Double S Rd
Distance between this listing and this school3.50 miles
Public District Grades KG-5
6
/10
Graysville Elementary School
606 Long St
Distance between this listing and this school5.15 miles
Public District Grades PK-5
Assigned Schools
5
/10
Dayton City Elementary School
520 Cherry St
Distance between this listing and this school0.62 miles
Public District Grades PK-8
Nearby Schools
4
/10
Rhea Middle School
405 Pierce Rd
Distance between this listing and this school7.46 miles
Public District Grades 6-8
6
/10
Meigs Middle School
586 N Main St
Distance between this listing and this school12.57 miles
Public District Grades 6-8
Nearby Schools
5
/10
Rhea County High School
885 Eagle Ln
Distance between this listing and this school7.58 miles
Public District Grades 9-12
6
/10
Sale Creek Middle - High School
211 Patterson Rd
Distance between this listing and this school9.33 miles
Public District Grades 6-12
6
/10
Meigs County High School
105 Abel Ave
Distance between this listing and this school12.09 miles
The neighbors living near this home have an average income of $46,250. The majority of Dayton, TN residents have income between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 405 Chickamauga Dr
What is the listing price of this property?
The listing price of 405 Chickamauga Dr property is $3,200,000.
What type of property is this?
The property 405 Chickamauga Dr is a house located in Dayton, Tennessee, 37321.
Is this property for sale now?
Active Listing: 405 Chickamauga Dr is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 405 Chickamauga Dr are: Dayton City Elementary School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,545 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on April 2, 2019 for $375,000. (source: MLS/tax record).
What is the square footage of this property?
The property 405 Chickamauga Dr is 22,528 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 405 Chickamauga Dr is 2021.
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This home is located at 405 Chickamauga Dr in Dayton, TN and zip code 37321. This 22,528 square foot home was built in 2021. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $3,200,000.
Over 3 listings were sold over their listed price in April 2024 in Dayton, TN. In the same period over 16 listings were sold below the listed price and 16 listings were sold for the listed price. The inventory of homes for sale in Dayton, TN between March 2024 and April 2024 increased by 15.7%. While the average time on the market in April 2024 was 84 days, the median list price was $289,000.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
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