248 North Cumberland Street

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248 North Cumberland Street

Jackson, TN 38301
Asking Price
$1.25M
Asset Type
Hospitality
Class
Class B

What's Special

Iconic Estate | ±3 Acres | Two Historic Homes + Event Venue | Prime Downtown Development Opportunity <p>• Six structures include two historic residences, large pavilion, carriage house, picturesque garden pavilion for weddings & events, and garden shop</p><p>• Six parcels totaling approximately 3 acres</p><ul><li>​Additional 1.25± acres of vacant land available separately, if desired.</li></ul><p>• Located within an Opportunity Zone</p><p>• Flexible high-density RG-3 zoning with additional historic overlay flexibility</p><p>• Gated and secure grounds</p><p>• Proven income-producing potential as

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NOI
$80,000
Cap Rate
6.40%
DSCR
1.08
Tight
Cash-on-Cash
1.54%
Monthly Payment
$6,184.318
Annual Cash Flow
$5,788.184

Location & Travel Times