108 Cumberland St E - Residential Income FOR SALE


Cowan, TN 37318
$849,900 USD
423-402-7779
108 Cumberland St E, Cowan, TN for Sale
$849,900 USD
Residential Income - FOR SALE
1/44
null | Request Cap Rate

108 Cumberland St E
Cowan, TN 37318


HIGHLIGHTS

  • Boutique Hotel
  • Access to 41A

OVERVIEW

This charming hotel is conveniently located within a 15-minute drive to the University of the South in Sewanee, TN, making it an ideal choice for visiting parents, alumni, and prospective students. Additionally, it is within a 30-minute drive to The Caverns, a popular musical venue that attracts music lovers from near and far. Property is being sold furnished with select items negotiable. Contact for more details. One of the standout features of this hotel is the inclusion of an additional studio apartment, perfect for the owner or manager to reside in. This allows for easy oversight and management of the property, ensuring a seamless guest experience. The fully functioning kitchen is a fantastic asset, as it provides the opportunity for the owner to utilize the property as a charming bed and breakfast, offering guests a delightful homemade breakfast each morning. In addition to the comfortable accommodations, this hotel also boasts an event space, perfect for hosting special occasions such as weddings, conferences, or private parties. The adjacent retail space, which was previously a barber shop, offers a separate entrance and can be rented out to generate additional income. This presents a fantastic opportunity for entrepreneurs looking to diversify their revenue streams. Overall, this boutique 9 bedroom hotel in Cowan, TN offers a unique and versatile property that combines comfortable accommodations, a fully functioning kitchen for a potential bed and breakfast, event space for special occasions, and an adjacent retail space for additional income. Don't miss out on this incredible opportunity to own and operate a thriving hospitality business in a prime location.

FOR SALE DETAILS

PRICE

$849,900 USD

PRICE/SF

$89 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Franklin Pearson House

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

077M-B-011.00

ASK ABOUT THIS PROPERTY

Rob StanfieldReal Estate Partners Chattanooga LLCMore Info
423-402-7779

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Rob StanfieldReal Estate Partners Chattanooga LLCMore Info
423-402-7779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.