The Lodge at Lookout Mountain 2531 Cummings Hwy Services hôteliers 15 chambres 2 747 220 € (183 148 €/Chambre) Chattanooga, TN 37419

FOR SALE: 28-Unit Short-Term Rental Portfolio | 2501 & 2531 Cummings Hwy
Prime Investment Opportunity in Chattanooga’s Booming STVR Market
This rare offering includes two C2-zoned parcels totaling 3.49 acres on Cummings Hwy, ideal for short-term rental or hospitality development. The portfolio features 28 units — 15 fully operational and 13 under construction — with significant upside as completion nears and more room to build. This portfolio comes with build plans, interior designs plans, and landscape plans.
Property Summary:
Addresses: 2501 & 2531 Cummings Hwy
Parcels: 154E C 002 & 154E C 004
Total Land: 3.49 acres
Zoning: C2 (Commercial)
Units: 28 total (15 completed, 13 under construction)
Gross Building Area: 17,218 SF
Avg. Unit Size: ~537 SF
Sewer: Septic System
Renovation & Construction
2501 Cummings Hwy:
Built 1948 | $600K renovation completed (Feb 2022 – Dec 2023)
15 operational units
2531 Cummings Hwy:
Built 1946 | $800K spent to date | Est. $700K to complete 13 units
Renovation in progress (Feb 2022 – Dec 2024)
Building, design, planting and hardscape plans complete
Financial Highlights:
2024 Rental Income (2501): Projected Stabilized NOI at $400,000, financials available upon request
Billboard Income (2531): $12,000 annually
Projected Rental Income (Full Build-Out): Strong upside potential
Minimal advertising to date = major growth opportunity
Strategic Advantages:
Turnkey + Value-Add: Cash flow from completed units + future gains
Zoning Advantage: C2 zoning in place amid tightening STVR regulations
High Demand: Strong tourism and limited new STVR permits in Chattanooga
Tourism & Market Stats (2023–2024):
Visitor Spend: $1.73B (2023), +6.36% YoY
Visitors: 10.7M total | 4.2M overnight
Avg. ADR: $138 | Median Occupancy: 60% | Avg. Host Income: ~$30K
Avg. Airbnb Stay: 4.0 days | 61% booked nights
Nearby Attractions:
Strategically located just 4 minutes from the highly anticipated Bend Development — home to the upcoming Lookouts Stadium — this property offers unparalleled proximity to Chattanooga’s top attractions. From the Tennessee Aquarium and Riverfront District to iconic destinations like Rock City, Ruby Falls, the Incline Railway, and the Chattanooga Zoo, this location places you at the heart of the city's booming tourism corridor.
See links for nearby tourist attractions:
South Broad Development: https://www.southbroad.info/
The Bend: https://www.thebendchattanooga.com/
Rock City: https://www.seerockcity.com/experience-rock-city/
Ruby Falls: https://www.rubyfalls.com/
Tennessee Aquarium: https://tnaqua.org/
Riverfront District: https://www.visitchattanooga.com/plan/neighborhoods/riverfront/
Secure your foothold in Chattanooga’s thriving vacation rental market with this partially stabilized, income-producing asset.
Contact us today for full financials, renovation details, and property tours.