$499,900
$67K PRICE DROP

328 Cumberland St W Cowan, TN 37318

Estimated payment $2,903/month

Total Views 6,709
4 Beds
-- Bath
4,790 Sq Ft
$104 Price per Sq Ft

Highlights

  • No HOA
  • Tile Flooring
  • Property has 1 Level
  • Home Security System
  • Central Heating and Cooling System

About This Home

Presenting a versatile commercial property in the heart of scenic Cowan, Tennessee, at the base of the Cumberland Plateau. This 4,790-square-foot building, formerly an assisted living care center, offers a wealth of opportunities for adaptive reuse. ?

Property Highlights:

Accommodations: The facility includes 13 single-bed units, one double, and a premium double unit featuring a private bath and walk-in closet.?
Land

Facilities: Equipped with 3.5 ADA-compliant bathrooms, a communal dining area, a fully functional kitchen, and a welcoming guest reception area.?

Expansion Potential: Situated on a generous lot, the property offers ample space for future development or expansion.?

Potential Uses:

Residential Conversion: Ideal for transformation into apartments, dormitories, or a boutique bed and breakfast, capitalizing on the existing layout and accommodations.?

Medical Facility: Suitable for a doctor's office, rehabilitation center, or specialized care facility, leveraging the current healthcare-oriented infrastructure.?

Hospitality Ventures: The property's configuration and location make it a strong candidate for an Airbnb or similar short-term rental enterprise.?

This property's strategic location and adaptable design present a unique investment opportunity. Explore the potential to tailor this space to your vision in the charming community of Cowan, TN.

Listing Agent

John Peck

Peck Realty Group, LLC Brokerage Phone: 9316367020 License #346046 Listed on: 04/04/2025

Co-Listing Agent

Pam Peck

Peck Realty Group, LLC Brokerage Phone: 9316367020 License #255537

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,247

Year Built

  • Built in 1999

Home Design

  • Vinyl Siding

Interior Spaces

  • 4 Bedrooms
  • 4,790 Sq Ft Home
  • Property has 1 Level
  • Tile Flooring

Home Security

  • Home Security System
  • Fire and Smoke Detector
  • Fire Sprinkler System

Schools

  • Cowan Elementary School
  • South Middle School
  • Franklin Co High School

Additional Features

  • Lot Dimensions are 163.7 x 300
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • 15 Units

Listing and Financial Details

  • Rent includes electricity, water
  • Assessor Parcel Number 088C A 00505 000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,247

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1999
  • Inclusions: Appliances,Negotiable
  • Unit Levels: One
  • Building Stories: 1
  • Structure Type: Multi Family
  • Year Built Details: Approximate
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Tile
  • Total Bedrooms: 4
  • Above Grade Finished Sq Ft: 4790
  • Building Area Units: Square Feet
  • Living Area: 4790
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Vinyl Siding
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Garage Yn: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Laundry Features: Share
  • Security: Fire Alarm, Fire Sprinkler System, Security System
  • Utilities: Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: COMMERCIAL
  • Lot Size: 163.7 X 300
  • Lot Size Units: Acres
  • Parcel #: 088C A 00505 000
  • Property Attached Yn: Yes

Rental Info

  • Owner Pays: Electricity, Water
  • HOA Rent Includes: Electricity, Water
  • Tenant Pays: Cable TV

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 15

Tax Info

  • Tax Annual Amount: 3247

MLS Schools

  • Elementary School: Cowan Elementary
  • High School: Franklin Co High School
  • Middle Or Junior School: South Middle School

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/07/2025 10/07/25 For Sale $499,900 0.0% $104 / Sq Ft
10/01/2025 10/01/25 Off Market $499,900 -- --
08/06/2025 08/06/25 Price Changed $499,900 -11.8% $104 / Sq Ft
04/04/2025 04/04/25 For Sale $567,000 -- $118 / Sq Ft
Source: Realtracs

About the Listing Agent

John Peck

Peck Realty Group, LLC

(931) 419-5755

Section Image

With over 15 years of licensure and a lifetime immersed in the real estate industry, John Michael Peck brings a fresh, strategic approach backed by proven results. Specializing in Tims Ford Lake and surrounding areas, he leverages in-depth market insight to deliver outstanding service to buyers, sellers, and investors.

As a key member of The Peck Team, John Michael has helped the team earn industry recognition, including:

2021 Grand Centurion Award
5X Double Centurion

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Source: Realtracs

MLS Number: 2813624

Realtracs