This Hospitality Property is no longer advertised on LoopNet.com.

1292 S Walnut Ave
Cookeville, TN 38501
Red Roof Inn Cookeville Tennessee Tech · Hospitality Property For Sale · 22,932 SF

Investment Highlights

  • Fantastic location
  • Extra parking for semi trucks
  • Excellent visibility

Property Facts

Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 1.90 AC
Building Size 22,932 SF
No. Stories 2
Year Built 1981
Parking Ratio 1.91/1,000 SF
Corridor Exterior
Zoning C-3 - zoned for hospitality

Amenities

  • Pool

About 1292 S WALNUT AVE , COOKEVILLE, TN 38501

Great opportunity to purchase a going business! Property is located right off I-40 Ext 287 Cookeville, TN. 50 rooms, Red Roof Inn. Comes with extra parking for Semi Trucks. Call for details. Only pre-qualified buyers with proof of funds will be allowed to schedule showings. Immediately off interstate 40 exit 287 in Cookeville, TN, half way between Nashville & Knoxville. Great location, pool, multiple common areas, guest laundry, and ample parking. Handicap accessibility. 50 rooms: 40 queens, 9 king, 1 handicap. Easy access and fantastic visibility from I-40 and adjacent to many popular restaurants and shopping. The City of Cookeville, incorporated in 1903, is located 79 miles east of Nashville and 101 miles west of Knoxville at the intersection of I-40 and Highway 111 in the Upper Cumberland Region of Middle Tennessee. The Municipality’s land area is 20.4 square miles. Cookeville is the county seat of Putnam County and is one of four cities located within the county. The other municipalities are Algood, Baxter, and Monterey. Cookeville is a regional center for employment, education, retailing, health care, and recreational/cultural activities. Approximately 15,000 Upper Cumberland Region residents travel to Cookeville each day to work, attend school, received health care, shop, or participated in leisure time activities. Cookeville is home to Tennessee Tech University, which hosts many events. A wide variety of recreational and cultural opportunities are provided for residents of Putnam County and the Upper Cumberland Region by local governments, the state park system, civic clubs and community organizations. Cane Creek Park, a 260-acre park with a 56-acre lake is owned and operated by the City of Cookeville’s Department of Leisure Services. Three state parks offer many camping, picnicking, hiking, and other recreational opportunities. Three Corps of Engineer lakes (Center Hill, Dale Hollow, Cordell Hull), with over 1,200 miles of shorelines, are within a 30-minute drive.  https://visitcookevilletn.com/

Property Taxes

Property Taxes

Parcel Number
066-053.05
Land Assessment
$520,000
Improvements Assessment
$360,000
Total Assessment
$880,000
  • Listing ID: 29889801

  • Date on Market: 10/26/2023

  • Last Updated:

  • Address: 1292 S Walnut Ave, Cookeville, TN 38501

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