328 Cumberland St, W, Cowan TN 37318
VERSATILE COMMERCIAL INVESTMENT OPPORTUNITY | COWAN, TN Rare opportunity to acquire approximately 4,790 SF of commercial space with a highly adaptable existing layout and infrastructure. Formerly operated as an assisted living facility, the property features 15 rooms with 17 accommodations, 3.5 bathrooms, a functional commercial-grade kitchen, communal dining area, reception/office space, and a generous lot offering potential for future expansion, subject to applicable approvals. The existing configuration creates a strong foundation for a variety of adaptive-reuse strategies, including heal
CloseDaily local analysis
Facts and context beyond the MLS description
The sections below combine this listing's current facts with locally retained inventory, sale, and location data. They are generated from the same MLS replica that powers the page, without an external data request during your visit.
Current market context
How this property compares in Cowan
This property is grouped with the current listings without a reported bedroom count in Cowan. Its asking price falls near the 74th percentile of that active group. The comparison uses 7 active or publicly marketable listings from the same local MLS source, filtered to records without a reported bedroom count.
The property has been tracked for 0 days, while the current cohort averages 51 days on market. These figures are a point-in-time inventory comparison, not an appraisal or prediction; condition, lot, updates, exact location, and concessions can move an individual sale away from the city-level pattern.
Nearby closed sales
Recent sold homes near this property
The local sold-history cache contains 8 closed sales within approximately 1.25 miles during the last six months. The median recorded sold price in this nearby sample is $218,200, and the median is $168 per square foot where square footage was reported.
Nearby sales are useful context, but they are not automatically comparable: renovation level, acreage, water access, construction quality, financing, and seller concessions can materially change a result. A property-specific valuation should review the most similar homes and the full MLS record before drawing a conclusion.
| Address | Sold | Home | Sold price | Distance |
|---|---|---|---|---|
| 1 Looney St, N | Jun 1, 2026 | 2 bd · 18,700 sqft | $3,150,000 | 0.1 mi |
| 316 Davis St | Jul 21, 2026 | 4 bd · 1,780 sqft | $289,650 | 0.1 mi |
| 0 Cumberland St W | Jul 16, 2026 | — | $70,000 | 0.2 mi |
| 401 Hawkins St | Jul 6, 2026 | 2 bd · 1,080 sqft | $224,900 | 0.7 mi |
| 236 Bookout Ln | Aug 8, 2026 | 3 bd · 1,112 sqft | $211,500 | 0.7 mi |
| 401 Cumberland St, E | Jul 24, 2026 | 2 bd · 1,221 sqft | $74,000 | 0.8 mi |
| 305 Franklin St | Jun 26, 2026 | 2 bd · 1,695 sqft | $192,000 | 0.8 mi |
| 347 Keith Cove Rd | Jul 14, 2026 | 3 bd · 2,072 sqft | $460,000 | 1.0 mi |
MLS timeline
Price and status history
This timeline records the price and public status snapshots received by CloseDaily from the local MLS replica. It is retained separately from the current listing so later changes do not erase the earlier market history. Dates reflect when the source record changed or was first observed by the sync system.
- $499,990 · Active
Location reference points
How this address sits within the Cowan area
These distances are precomputed from the listing coordinates and a maintained set of regional landmarks; no mapping service is called when this page loads. Mileage is straight-line distance. Driving minutes are a planning estimate derived from that distance and should be checked against a live route before a showing or commute.
- Downtown Winchester5.4 miles straight-line · roughly 10 driving minutes
- Tims Ford Lake14.8 miles straight-line · roughly 26 driving minutes
- Arnold Air Force Base16.4 miles straight-line · roughly 29 driving minutes
- Downtown Tullahoma17.5 miles straight-line · roughly 31 driving minutes
- Downtown Manchester22.5 miles straight-line · roughly 40 driving minutes
Continue comparing
Similar active homes in Cowan
These active listings are in the same city and a nearby price range. Each link is rendered on the server so visitors and search engines can move between the property, the city inventory, and other relevant homes without returning to a generic search page.