108 Cumberland E St, Cowan, TN 37318-3247
- Retail space
- 1,934 SF
- 0.03 lot acres
Current Use by Public Records
- The Franklin House / Hotel & Motel
- Firefly Gallery and Gala Room / Hotel & Motel / Resort
Property Details for 108 Cumberland E St
- Year built
- 1900
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.03 lot acres
- Property type
- Retail space
- APN
- 026077M B 01100
- APU
- 026077MB01100
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Dec 2, 2020 | $230,000 | Rachel Thompson | Citizens Tri County Bank | Special Warranty Deed | $175k · Citizens Tri-county Bank |
| Apr 7, 2020 | $206,073 | Citizens Tri-cnty Bk | Lee J Austin L Thomas|pearson | One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related | — |
| Jul 23, 1993 | $13,500 | Billy A Tucker | Unknown | Grant Deed | — |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cowan
- County
- Franklin
- State
- Tennessee
- Longitude
- -86.0101
- Latitude
- 35.1647
- CBSA code
- 46100
- CBSA name
- TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA
