Successful Restaurant Business
1803 APD 40, Cleveland, TN 37323
Long-standing restaurant with potential for diverse commercial uses.
Type:Retail, Office, Special Purpose
Property size:
4,508 SFPrice / SF:
$154/SF- Added:
- May 12, 2026
- Days on Market:
- 21
- Last Refresh:
- May 14 at 9:12 pm
Property Features for 1803 APD 40
General Information
- Standard status
- Active
- Size
- 4,508 SF
- Property subtype
- Retail, Office, Special Purpose
Building Details
- Year Built
- 1988
Listing agent Steve Black License #TN 261397
Listing office K W Cleveland
Listing date May 12, 2026
Source Crexi
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 K W Cleveland
HighLights
- Successful, long‑established family‑operated restaurant.
- Opportunity for extra income from updated basement apartment.
- Business has increased over the years.
- Serves home cooked food, business meetings, and parties.
- Some equipment is available.
- Potential for conversion to car lot or small church.
Overview
This property presents a business opportunity in the food service industry. The family-operated business has functioned as a successful restaurant for many years, with increasing business from serving home-cooked food, business meetings, and parties. Some equipment is available. The property, with a size of 4508 square feet, could also be suitable for a car lot or a small church. An updated apartment located in the basement offers an opportunity for extra income.
Local 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 | $64.9k | $14.40 |
| − Vacancy | −$4.2k | −$0.94 |
| EGI | $60.7k | $13.46 |
| − OpEx | −$15.2k | −$3.37 |
| NOI | $45.5k | $10.10 |
4,508 SF · lease $14.40/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$650.3K
$569.0K – $758.7K
NOI $45,522 @ 7.0% cap · market cap 6.55%
Second Best
Retail
$608.6K
$532.5K – $710.0K
NOI $42,601 @ 7.0% cap · market cap 6.13%
Theoretical Best
Office A
$945.9K
$827.7K – $1.10M
NOI $66,214 @ 7.0% cap · market cap 9.53%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Laguna's Kitchen Mexicano
Restaurant
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.85327
- Latitude
- 35.14112
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Long-standing restaurant with potential for diverse commercial uses.
Where is this conventional restaurant located?
The property is located at 1803 APD 40 Cleveland, TN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Successful, long‑established family‑operated restaurant.; Opportunity for extra income from updated basement apartment.; Business has increased over the years.
