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Restaurant Building with Patio
New
For Sale
$569,000

1516 E Wood Street, Paris, TN 38242

Commercial Sale, PARIS, TN

Property Size3,102 SF
Lot Size1.09 Acres
Price / SF$183.43
Days on Market2

Property Features for 1516 E Wood Street

General Information

Property type Commercial Sale
Property subtype Other
Subdivision Paris
Standard status Active
APN 006.02
Size 3,102 SF
Lot size 1.09 Acres

Taxes and HOA fees

Tax Annual Amount 2078

Building Details

Year built 2003
Floors in Building 1
Listing Agency: Moody Realty Company, Inc.
Listed By: Gavin Moody
Added: Oct 30 Last Checked: Oct 31 at 11:06AM
MLS# 137467

Copyright © 2026 Tennessee Valley Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Built in 2003, this 3,102-square-foot restaurant property sits on 1.09 acres. The building includes indoor dining booths, an outdoor patio, walk-in coolers and freezers, and hood vents. A new roof and HVAC units installed three years ago are also part of the property, along with the listed restaurant equipment.

Key Highlights

  • 3,102‑square‑foot restaurant building on 1.09 acres
  • Outdoor patio and indoor dining booths
  • Walk‑in coolers and freezers, plus hood vents

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Ace's Restaurant

Suggested Use

Top Pick Real Estate Agency Big Box & Wholesale Store Hair Salon Building Supply Nail Salon Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access
Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby
7k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 65% Hotels & Casinos 35%
Huddle House Dining
4,676 visits/mo 0.1 miles
Quality Inn Hotels & Casinos
1,956 visits/mo 0.1 miles
Super 8 Paris Hotels & Casinos
519 visits/mo 0.5 miles

Demographics for 38242, TN

19,940
Population
9,390
Households
2.1
Avg Household Size
44
Median Age
20%
College-Educated
89%
High-School Grad
175.5 sq mi
ZIP Area
114
Density / Sq Mi
$44,833
Median Household Income
$35,723
Median Earnings
$759
Median Rent
$157,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Dining and kitchen equipment, outdoor seating, and on-site parking support restaurant operations.
Where is this conventional restaurant located?
The property is located at 1516 E Wood Street Paris, TN.
What is the asking price?
The asking price for this property is $569,000.
What are key features of this property?
This property features: 3,102‑square‑foot restaurant building on 1.09 acres; Outdoor patio and indoor dining booths; Walk‑in coolers and freezers, plus hood vents
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