2092 Cowan HwyWinchester, TN 37398

Property Details for 2092 Cowan Hwy

Year built

2007

Construction

WOOD

Lot size

0.78 AC

Property size (Sq ft)

5,648 SF

Property type

Medical offices

Property subtype

Medical centers

APN

026076 00309

APU

2607600309

Description

This exceptional Winchester, TN commercial property presents a unique investment opportunity. Located at 2092 Cowan Highway, this property boasts two separate office buildings under a single roof, totaling 5,384 square feet. The strategic location offers high visibility, situated just down the street from Southern TN Regional Health System and across from Food City, ensuring high traffic and convenient access. Each building offers a versatile layout ideal for a variety of professional uses. Building one features a large waiting/reception area with a half bath, a reception desk with its own half bath, a professional office, an additional room (previously a kitchenette), four exam rooms, a nurse's station with a treatment area and half bath, a washing station, a mixing room/lab, and ample storage. Building two includes a spacious waiting/reception area with a half bath, a reception room with multiple desks, several professional offices, a kitchenette, a nurse's station with a half bath, three exam rooms, and a large conference area/lab. The property also provides convenient parking with 21 spaces located both in front and behind the buildings. The combined space offers endless possibilities, from utilizing one building and leasing the other, to leasing both, or using the entire space for a single large operation. Priced at $795,000, this property represents a significant opportunity for growth and profitability in a thriving Winchester location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,194,577

  6.5%

  $1,102,686

  7%

  $1,023,923

• Comparable approach

  Method

  Valuation

  Relative Method

  $920,003

  Geo Method

  $1,101,699

• Alternative Use

  Use

  Valuation

  Residential

  $1,367,331

  Hospitality

  $1,252,468

  Educational

  $1,042,038

  Medical

  $1,077,876

  Retail

  $1,620,949

Location Insight

City

Winchester

County

Franklin

State

Tennessee

Latitude

35.1736

Longitude

-86.0788

CBSA code

46100

CBSA name

TULLAHOMA, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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