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29253196
29253195

8007 Cherokee Trail, Crossville, TN 38572

HL
Crexi Contact
Commercial Real Estate Exchange Inc
PS
FL BK3053127
HREC Hospitality Real Estate Counselors
Listed by HREC Hospitality Real Estate Counselors, Commercial Real Estate Exchange Inc
Starting bid: $750,000
Bidding Starts:
June 22nd, 2026 4:00 pm

Hiawatha West Conversion Opportunity

Details
APN Various-See Vault
Property Type Multifamily, Hospitality
Sub Type Hotel, Multifamily (Rental) (+3)
Units 72
Year Built 1983/1986
Buildings 18
Stories 2
Acreage 11.840

Offered below replacement cost

Marketing description

For registration requirements and regulations, please review here or contact Hannah Ladenheim | 936-274-1332 | hladenheim@crexi.com.

Property tours are available by appointment only. Please contact the listing broker to schedule a tour. Please contact Paul Sexton/HREC at [email protected] for scheduling.

HREC Investment Advisors, in conjunction with Crexi is pleased to offer qualified investors the opportunity to acquire the fee simple interest in the 72 condominium units that comprise the Hiawatha West complex (the “Property” or “Hiawatha West”) located within the Lake Tansi master-planned community just outside of Crossville, Tennessee.

The units are being offered in “bulk,” free and clear of all liens and encumbrances (including all timeshare interests) as more specifically described in the “Bundle of Rights to Convey” section of this offering memorandum.

Of note, HREC and Crexi are also separately offering investors the opportunity to acquire the 50-unit Hiawatha Manor property, Hiawatha West’s sister property which is also located within the Lake Tansi community. Please see HREC for additional information.

Click HERE to view Hiawatha West’s sister property.

  • Non-Contingent

  • Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price

  • Marketing Fee: 2.5% of the Winning Bid Amount, $20,000 minimum

  • $10,000 Participation Deposit

  • Subject To Seller Approval

8007 Cherokee Trail, Crossville, TN 38572

Investment highlights

TN Auctioneer Stephen Dawson TN 7746.

  • Excellent opportunity to satisfy pent up demand in the local market for multifamily housing, including for senior housing

  • Offered below replacement cost

  • Residents would have access to the most extensive amenity base in the region (via fee arrangement with the Lake Tansi POA

  • Separate electrical meters for each unit allow for individual condominium sales

  • Move-in ready condition of most units offers speed to market/immediate cash flow

Contacts

HL
Crexi Contact
Commercial Real Estate Exchange Inc
PS
FL BK3053127
HREC Hospitality Real Estate Counselors
Listed by HREC Hospitality Real Estate Counselors, Commercial Real Estate Exchange Inc

Map

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Additional Information

Name
Patrick Culligan
License
TN 272453
Brokerage
HREC Investment Advisors
Title
Broker of Record
Name
Stephen Dawson
License
7746
Title
Auctioneer
State
TN
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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