631 S Cumberland St - Hospitality FOR SALE


Lebanon, TN 37087- Downtown Lebanon
$4,700,000 USD
615-850-2772
631 S Cumberland St, Lebanon, TN for Sale
$4,700,000 USD
Hospitality - FOR SALE
1/4
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631 S Cumberland St
Lebanon, TN 37087
Downtown Lebanon


OVERVIEW

The Cedar Valley Inn presents a rare dual-path investment opportunity in Lebanon, Tennessee—one of the fastest-growing cities in the state and just 25 miles east of Nashville. This 78-room independent economy hotel sits on a 2.5-acre site with CG zoning, offering both immediate operational upside and long-term redevelopment potential. Currently utilized by Cracker Barrel for employee housing and limited walk-in guests, the property is primed for repositioning by a dedicated hospitality operator. With no franchise restrictions, investors benefit from full operational flexibility and cost savings. The Inn’s location on South Cumberland Street (21,447 ADT) places it in a high-visibility corridor surrounded by national retailers, banks, and restaurants, and within walking distance of Lebanon’s historic downtown. The site’s zoning allows for a wide range of uses including retail, restaurant, entertainment, and mixed-use development, making it ideal for repositioning into a shopping center, outparcel, or service-oriented concept. Lebanon’s demographic tailwinds—projected population growth to over 52,000 within five miles by 2030 and average household incomes exceeding $100,000—support strong demand for both budget lodging and retail services. The property’s 2025 RevPAR of $42.50 and ADR of $85.00 reflect untapped potential, with pro forma projections showing steady revenue growth through 2030. Whether maintained as a cash-flowing hospitality asset or redeveloped for retail, Cedar Valley Inn offers investors a compelling value proposition in a thriving Middle Tennessee market.

FOR SALE DETAILS

PRICE

$4,700,000 USD

PRICE/SF

$105 USD /SF

# OF ROOMS

87

PRICE/ROOM

$54,023 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Cedar Valley Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

180

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

C-1

APN/PARCEL ID

081D-B-002.00

ASK ABOUT THIS PROPERTY

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615-850-2772

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615-850-2772

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