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    49 University Ave Sewanee, TN 37375

    For Sale
    $1,390,000

    Historic Sewanee building, renovated, ample parking.

    Property size:
    2,009 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property presents a rare opportunity in Sewanee's vibrant Market District, situated on the prestigious University of the South's Domain. The building, steeped in history, has undergone a complete renovation and remodeling, showcasing regal details and comfortable charm throughout. The interior boasts abundant, intricate carpentry and woodwork, reflecting a commitment to preserving and enhancing its historical character. The property encompasses 2,009 square feet and sits on a 0.14-acre lot, providing ample space for a variety of commercial uses. A significant advantage is the availability of ample parking located directly behind the building, a valuable asset in a bustling area. This meticulously restored property offers a unique blend of historical significance and modern functionality, making it an ideal investment for discerning buyers seeking a distinctive commercial space in a highly desirable location. The asking price for this remarkable property is $1,390,000. This is a truly exceptional opportunity to own a piece of Sewanee's rich history while capitalizing on its vibrant present and promising future.

    Property Features for 49 University Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    2,009 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1920
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Locals Art Gallery

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sewanee
    County
    Franklin County, TN
    State
    Tennessee
    Longitude
    -85.91805
    Latitude
    35.19545

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    • $299,000
      1,118 SF

      Monteagle Restaurant - Turnkey Opportunity

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    FAQs

    What type of property is this?
    Mixed-use property - Historic Sewanee building, renovated, ample parking.
    Where is this mixed-use property located?
    The property is located at 49 University Ave Sewanee, TN.
    What is the asking price?
    The asking price for this property is $1,390,000.
    (615) 327-4800
    Request Owner's contact information
    49 University Ave Sewanee, TN 37375
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    Sewanee, TN 37375
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49 University Ave Sewanee, TN 37375
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