Restaurant with Outdoor Beer
For Sale
$1,800,000
1 N Lowry St, Smyrna, TN 37167
A two-level dining and bar property includes a commercial kitchen, basement storage, and outdoor seating areas.
Property Size5,220 SF
Price / SF$344.83
Days on Market90
Property Features for 1 N Lowry St
General Information
Standard status
Active
Size
5,220 SF
Property subtype
Commercial
Zoning
C-1
Restaurant
Grease Trap
Yes
Patio
Yes
Additional Details
Utilities to Site
Yes
Sprinkler System
Yes
Amenities
outdoor beer garden
deck
Building Details
Building Size
5,220 SF
Year Built
1950
Stories
2
Listing Agency:
Concord Realty
(931) 716-0330
Listed By:
Richard "Reasons" Garrett · License #322935
(931) 378-0500
Source:
Concordrealty
Added: Jul 27
Changed: Oct 23
Last Checked: Oct 23 at 5:59PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Concord Realty
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Investment Insights
Based on property information with market context.
This 5,220-square-foot restaurant and bar spans two floors, with a full dry basement for storage. The first floor contains a commercial kitchen, while outdoor areas include an approximately 3,000-square-foot beer garden with a separate bar and a second-floor deck. Exposed brick and ceilings contribute to the interior character.
The property occupies a hard corner in downtown Smyrna’s Depot District and is zoned C-1. Built in 1950, it has undergone updates to the foundation, roof, structural framing, building systems, windows, doors, and other components. Improvements also include a grease trap, sprinkler system, custom shelving, and a custom-built bar.
The property occupies a hard corner in downtown Smyrna’s Depot District and is zoned C-1. Built in 1950, it has undergone updates to the foundation, roof, structural framing, building systems, windows, doors, and other components. Improvements also include a grease trap, sprinkler system, custom shelving, and a custom-built bar.
Key Highlights
- 5,220 SF of interior area across two floors
- Approximately 3,000 SF beer garden with a standalone bar
- Second‑floor deck provides additional outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$126,282
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,525,640
$2.5M
Cap Rate 7%
$1,804,029
$1.8M
Cap Rate 9%
$1,403,133
$1.4M
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$175.4K $33.60/SF
− Vacancy
−$7.0K −$1.34/SF
EGI
$168.4K $32.26/SF
− OpEx
−$42.1K −$8.06/SF
NOI
$126.3K $24.19/SF
Area
Rutherford County, TN
Vacancy
4.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,525,640
Cap Rate 7%
$1,804,029
Cap Rate 9%
$1,403,133
Alternative Uses
Best Use
Specialty Retail
$1.80M
$1.58M – $2.10M
NOI $126,282 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Sprinkler system
Yes
Utilities to site
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
23k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Apparel 38%
Electronics 5%
Goodwill
Apparel
8,923 visits/mo
0.5 miles
Shell
Shops & Services
5,635 visits/mo
0.1 miles
Truist
Shops & Services
4,173 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,752 visits/mo
0.2 miles
Compass Self Storage
Shops & Services
1,697 visits/mo
0.1 miles
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A two-level dining and bar property includes a commercial kitchen, basement storage, and outdoor seating areas.
Where is this conventional restaurant located?
The property is located at 1 N Lowry St Smyrna, TN.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,220 SF of interior area across two floors; Approximately 3,000 SF beer garden with a standalone bar; Second‑floor deck provides additional outdoor seating
