Freestanding Turnkey Restaurant and
New
For Sale
Contact for pricing
110 Cedar Ln, Knoxville, TN 37912
Freestanding restaurant and bar on a large lot with extensive parking, built in 2002 and positioned along a busy commercial corridor.
Property Size7,308 SF
Lot Size1.86 Acres
Price / SF$328.41
Days on Market4
Property Features for 110 Cedar Ln
General Information
Standard status
Active
Size
7,308 SF
Lot size
1.86 Acres
Property subtype
RETAIL
Additional Details
Asking Price
$2,400,000
Highway Access
Yes
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Cappiello Real Estate Company
(615) 293-1349
Listed By:
Alston Gage · License #TN 370369
(615) 293-1349
Source:
Moodyscre
Added: Jul 28
Changed: Jul 31
Last Checked: Jul 31 at 5:53AM
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 Cappiello Real Estate Company
Investment Insights
Based on property information with market context.
This freestanding turnkey restaurant and bar building is offered as a ready-to-operate space for food and beverage use. The property includes a restaurant/bar facility within a 6,448 SF building on an approximately 1.86-acre lot, and it was built in 2002. The site provides parking for 150+ vehicles, supporting both customer access and everyday operations.
The location is described as part of a high-traffic North Knoxville commercial corridor with access and visibility near Merchants Drive, Central Avenue Pike, and I-75. This placement can support continued restaurant/bar operations or other commercial conversions consistent with the property’s freestanding site.
The large lot footprint and parking capacity make the property practical for an owner-operator looking for an established restaurant/bar configuration, or for a buyer evaluating adaptive reuse for compatible commercial uses.
The location is described as part of a high-traffic North Knoxville commercial corridor with access and visibility near Merchants Drive, Central Avenue Pike, and I-75. This placement can support continued restaurant/bar operations or other commercial conversions consistent with the property’s freestanding site.
The large lot footprint and parking capacity make the property practical for an owner-operator looking for an established restaurant/bar configuration, or for a buyer evaluating adaptive reuse for compatible commercial uses.
Key Highlights
- Freestanding turnkey restaurant and bar building
- 6,448 SF building size
- Approximately 1.86‑acre lot
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $171.0k | $23.40 |
| − Vacancy | −$7.7k | −$1.05 |
| EGI | $163.3k | $22.35 |
| − OpEx | −$40.8k | −$5.59 |
| NOI | $122.5k | $16.76 |
7,308 SF · lease $23.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.75M
$1.53M – $2.04M
NOI $122,484 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,703 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
488
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 37912, TN
22,313
Population
10,916
Households
2
Avg Household Size
36
Median Age
23%
College-Educated
88%
High-School Grad
10.6 sq mi
ZIP Area
2,105
Density / Sq Mi
$44,754
Median Household Income
$30,859
Median Earnings
$1,050
Median Rent
$185,600
Median Home Value
Market
Vacancy Rate% for Retail in Knoxville, TN
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant and bar on a large lot with extensive parking, built in 2002 and positioned along a busy commercial corridor.
Where is this conventional restaurant located?
The property is located at 110 Cedar Ln Knoxville, TN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Freestanding turnkey restaurant and bar building; 6,448 SF building size; Approximately 1.86‑acre lot
