Marble Hill Inn
Offered for sale at $689,000
A synthesis of historical and social relevance, creative energy, and stabilized cashflow await the next steward of the Marble Hill Inn Project. Ideally positioned and enjoying curiously strong growth this is a select opportunity for a creative host to acquire a piece of history and an iconic position within an alluring community.
LOCATION: Knoxville’s savvy, intentional, and ethical civic growth momentum provides perfect conditions for the Marble Hill Inn Project to expand its cultural impact and revenues. Knoxville is the south-east’s up-and-coming destination city and the Marble Hill Inn Project is a tenured component of its pulse. Positioned as an on-trend destination location. Little to no competition as the Marble Hill in is the ONLY licensed B&B in close proximity to downtown.
FINANCIAL PERFORMANCE: Low expense drag, proven defined systems and processes, and significant growth opportunity coupled with healthy existing returns position a new innkeeper to enjoy a low-stress low-risk transition. 42.6% profit margin, out performs inn's of similar size despite not being operated at optimum capacity. 56% occupancy rate with an upward trajectory.
ZONING & LICENSING: The proper licensing and zoning to operate as a bed and breakfast is in tact. The business will convey with the property.
CONSTRUCTION: 4200 sf, 6 bedroom, 4 bath, 500 sq ft front porch, 18' round pool with deck and patio, on and off street parking. Current configuration boasts a garden level suite completed with full kitchen, living room, two bedrooms (easily expandable to three), full bath, and private entrance.
MAINTENANCE: No deferred maintenance/Pro-active maintenance efforts. Newer mechanicals and roof.
CONTRIBUTION: Movie backdrop. Celebrity lodging. Creative workspace. Meeting space. Vacation destination. Collaborative project environment. This isn’t just a B&B, it’s a cherished community asset that consistently keeps Knoxville on the radar. Work space and lodging that seduces then inspires the creative mind: a stunt traditional lodging cannot replicate. A social experience and position will convey with the Inn minimizing any volatility to ownership transition potentially created.
HISTORY: The history of this home has been researched and documented. There are historical architectural elements that have been authenticated and a large variety of items original to the home. The home has the necessary zoning to be protected as a historical asset of the city.
- 5 Guest Rooms
- 3 Guest Room Baths
- Has Owner's Quarters
- Built in 1915
- Last Renovated in 2013
- Opened in 2104
- Building is 4,200 SQFT
- Lot is 0.2 Acres
- Photo Gallery
- Property Website
- Offered for sale at $689,000
- Occupancy Rate: 56%
- Average Daily Rate: 84.12
- Annual revenue is $51,565
- Terms: Enjoys a 43% profit margin
Currently operating below maximum capacity
Value-add opportunity: No event services or package services have been offered thus far, option to easily add one en-suite a