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Listed by Adam Brock • Canopy Real Estate
$ 849,000
Est. payment | /mo
5,050 SqFt
$ 849,000
Est. payment | /mo
5,050 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,050 sqft
Price per Sqft $168
MLS Listing ID 3320673
Year Built 1905
Lot Size 0.360 Acres
Acres 0.36
Property Sub-Type Mixed Use
Property Description
Own a thriving, income-producing hospitality business in the heart of Tullahoma. With continuous operations for nearly 20 years, The Grand Lux Inn is a beautifully appointed 5,050 sq ft boutique inn offering 6 guest rooms plus 2 efficiency apartments — turnkey and cash-flowing from day one.
Beyond the inn's guest rooms, there are multiple cozy and unique living spaces to enjoy. The kitchen provides guests with the option to take advantage of the inn's fresh continental breakfast as well as a place to store and prepare food just as one would at home. A formal, but not stuffy, dining room offers a place to gather and enjoy a meal and good company. Three extra-spacious living areas invite folks to relax while reading a book, watching TV or enjoy a board game. And of course, don't miss the inn's amazing wrap around front porch, or its quiet covered back patio.
The inn also features a large utility/laundry room in the main house, and an office with additional storage in the detached ADU.
Operated with an active guest base and established online presence, this is a rare opportunity to step into a fully operational inn/short-term rental business — not a renovation project. Recent capital improvements have kept the property polished and guest-ready.
Ideal for an owner-operator, hospitality investor, or 1031 exchange buyer looking for a stabilized asset with diversified income (nightly stays + long-term lease). Sold as a going concern — real estate and business together. The real estate is not for sale separately.
Schedule a private showing today.
Beyond the inn's guest rooms, there are multiple cozy and unique living spaces to enjoy. The kitchen provides guests with the option to take advantage of the inn's fresh continental breakfast as well as a place to store and prepare food just as one would at home. A formal, but not stuffy, dining room offers a place to gather and enjoy a meal and good company. Three extra-spacious living areas invite folks to relax while reading a book, watching TV or enjoy a board game. And of course, don't miss the inn's amazing wrap around front porch, or its quiet covered back patio.
The inn also features a large utility/laundry room in the main house, and an office with additional storage in the detached ADU.
Operated with an active guest base and established online presence, this is a rare opportunity to step into a fully operational inn/short-term rental business — not a renovation project. Recent capital improvements have kept the property polished and guest-ready.
Ideal for an owner-operator, hospitality investor, or 1031 exchange buyer looking for a stabilized asset with diversified income (nightly stays + long-term lease). Sold as a going concern — real estate and business together. The real estate is not for sale separately.
Schedule a private showing today.
Location
State TN
County Coffee County
Zoning C-2
Interior
Fireplace N
Exterior
Roof Type Membrane
Others
Special Listing Condition Owner Agent
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