1292 S Walnut Ave - Hospitality FOR SALE


Cookeville, TN 38501
$3,100,000 USD
931-409-2590
1292 S Walnut Ave, Cookeville, TN for Sale
$3,100,000 USD
Hospitality - FOR SALE
1/8
null | Request Cap Rate

1292 S Walnut Ave
Cookeville, TN 38501


HIGHLIGHTS

  • Highly visible
  • Ample parking
  • Close to restaurants & shopping

OVERVIEW

Great opportunity to purchase a going business! Property is located right off I-40 Ext 287 Cookeville, TN. 50 rooms, Red Roof Inn. Comes with extra parking for Semi Trucks. Call for details. Only pre-qualified buyers with proof of funds will be allowed to schedule showings. Immediately off interstate 40 exit 287 in Cookeville, TN, half way between Nashville & Knoxville. Great location, pool, multiple common areas, guest laundry, and ample parking. Handicap accessibility. 50 rooms: 40 queens, 9 king, 1 handicap. Easy access and fantastic visibility from I-40 and adjacent to many popular restaurants and shopping. The City of Cookeville, incorporated in 1903, is located 79 miles east of Nashville and 101 miles west of Knoxville at the intersection of I-40 and Highway 111 in the Upper Cumberland Region of Middle Tennessee. The Municipality’s land area is 20.4 square miles. Cookeville is the county seat of Putnam County and is one of four cities located within the county. The other municipalities are Algood, Baxter, and Monterey. Cookeville is a regional center for employment, education, retailing, health care, and recreational/cultural activities. Approximately 15,000 Upper Cumberland Region residents travel to Cookeville each day to work, attend school, received health care, shop, or participated in leisure time activities. Cookeville is home to Tennessee Tech University, which hosts many events. A wide variety of recreational and cultural opportunities are provided for residents of Putnam County and the Upper Cumberland Region by local governments, the state park system, civic clubs and community organizations. Cane Creek Park, a 260-acre park with a 56-acre lake is owned and operated by the City of Cookeville’s Department of Leisure Services. Three state parks offer many camping, picnicking, hiking, and other recreational opportunities. Three Corps of Engineer lakes (Center Hill, Dale Hollow, Cordell Hull), with over 1,200 miles of shorelines, are within a 30-minute drive.  https://visitcookevilletn.com/

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$135 USD /SF

# OF ROOMS

50

PRICE/ROOM

$62,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Red Roof Inn Cookeville Tennessee Tech

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1981

PARKING SPACES

44

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

C-3

APN/PARCEL ID

066-053.05

ASK ABOUT THIS PROPERTY

Brian BrownWeichert Realtors Joe Orr & AssociatesMore Info
931-409-2590

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Brian BrownWeichert Realtors Joe Orr & AssociatesMore Info
931-409-2590

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