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Best Western Thunderbird Motel 900 S Jefferson Ave 76 Room Hotel Cookeville, TN 38501 $4,999,000 ($65,776/Room)
Investment Highlights
- Prime I-40 location halfway between Nashville & Knoxville
Executive Summary
76-key Best Western – concrete construction, no PIP required
61 spacious guest rooms + 15 two-bedroom suites with elevator
Prime I-40 location halfway between Nashville & Knoxville
Strong demand generators: Tennessee Tech University, Cookeville Regional Medical Center, major employers, and tourism
Flagged, limited-service hotel investment with strong guest reviews and stable performance
Growing Cookeville, TN hospitality market supported by education, healthcare, and manufacturing sectors
61 spacious guest rooms + 15 two-bedroom suites with elevator
Prime I-40 location halfway between Nashville & Knoxville
Strong demand generators: Tennessee Tech University, Cookeville Regional Medical Center, major employers, and tourism
Flagged, limited-service hotel investment with strong guest reviews and stable performance
Growing Cookeville, TN hospitality market supported by education, healthcare, and manufacturing sectors
Property Facts
| Price | $4,999,000 | Building Size | 43,255 SF |
| Price Per Room | $65,776 | No. Rooms | 76 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1965/2014 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | B | Opportunity Zone |
Yes
|
| Lot Size | 3.20 AC | ||
| Zoning | C-3 - Commercial | ||
| Price | $4,999,000 |
| Price Per Room | $65,776 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 3.20 AC |
| Building Size | 43,255 SF |
| No. Rooms | 76 |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2014 |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | C-3 - Commercial |
Amenities
- Business Center
- Fitness Center
- Pool
- Restaurant
- Meeting Event Space
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $132.00 | - |
| Guest Room | 61 | $84.00 | - |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 066-048.00 | Improvements Assessment | $760,000 |
| Land Assessment | $720,000 | Total Assessment | $1,480,000 |
Property Taxes
Parcel Number
066-048.00
Land Assessment
$720,000
Improvements Assessment
$760,000
Total Assessment
$1,480,000
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Best Western Thunderbird Motel | 900 S Jefferson Ave