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Property profile & analytics
OFF-MARKET
Retail space

108 Cumberland E St Cowan, TN 37318-3247

1,934 SF 0.03 ac lot Built 1900
Individually Owned 5-yr Hold ~ Est. High Equity
Property ID
US80-1384507
Property summary
AI-generated overview

This charming 9-bedroom hotel in Cowan, Tennessee, presents a unique investment opportunity. Located on Cumberland Street East, this 9,500 square foot property is ideally situated within a 15-minute drive of the University of the South in Sewanee, catering to visiting families, alumni, and prospective students. Its proximity to The Caverns, a popular music venue, further enhances its appeal to a diverse clientele. The hotel includes a fully functional kitchen, allowing for operation as a bed and breakfast, adding another revenue stream. An on-site studio apartment provides convenient owner/manager housing. The property also features an event space suitable for weddings, conferences, or private parties, and an adjacent retail space (previously a barber shop) with a separate entrance, offering additional rental income potential. Priced at $849,900, this versatile property combines comfortable accommodations with multiple income-generating opportunities in a desirable location. The property's combination of hotel rooms, event space, and retail space provides a unique and diversified income potential. This is a turnkey operation ready for a new owner to step in and continue its success. The convenient location and diverse revenue streams make this a compelling investment in the thriving Tennessee hospitality market.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,934 SF
Lot 0.03 ac (1,276 SF)
APN 026077M B 01100
UPID US80-1384507
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Franklin House Hotel & Motel
  • Firefly Gallery and Gala Room Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Rachel Thompson · 5 yrs held
Rachel Thompson
since 2020
Last sale
$230,000
3 recorded transactions
2020
$230,000
2020
$206,073
1993
$13,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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