Property profile

956 Shannon Dr Cookeville, TN 38506

OFF-MARKET
Hospitality properties
Property ID
US80-0641218
1,188 SF 0.46 ac lot Built 1976
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Property summary

AI-generated overview

This 1,188 sq ft hotel in Cookeville, TN, presents a compelling investment opportunity. Built in 1976, this single-story property sits on a 0.46-acre lot at 956 Shannon Dr, zip code 38506. Recently renovated, it boasts a new roof, paint, flooring, and windows with a transferable warranty. Energy efficiency improvements include new insulation and a completed TVA energy assessment. The property's location offers convenient access to shopping and dining, and is less than 10 minutes from Tennessee Technological University and Cookeville Regional Medical Center. The asking price is $259,000 ($218.01/sq ft). The property features 3 bedrooms. Home and termite inspections are complete and available upon request. APN: 027 047.04. This turnkey operation is ready for immediate income generation. The quiet street location adds to its appeal.

Property profile

Verified
Property type Hospitality properties
Year built 1976
Total area 1,188 SF
Lot 0.46 ac (20,038 SF)
UPID US80-0641218

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

956 Shannon Dr Cookeville, TN 38506
Cookeville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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