Turn-Key Restaurant with
277 Luther Seiber Blvd Pioneer, TN 37847
For Sale
Contact for pricing
Fully equipped restaurant building with commercial kitchen, TVs, and ample front parking.
Property Size2,000 SF
Price / SF$325
Days on Market162
Property Features for 277 Luther Seiber Blvd
General Information
Standard status
Active
Size
2,000 SF
Property subtype
RETAIL
Listing Agency:
Whitetail Properties Real Estate, LLC
(931) 372-1844
Listed By:
Tim Burnette
(931) 372-1844
Source:
Moodyscre
Added: Feb 16
Changed: Jul 25
Last Checked: Jul 27 at 1:42PM
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 Whitetail Properties Real Estate, LLC
Investment Insights
Based on property information with market context.
Turn-key, ready-to-operate restaurant offering a complete build-out for immediate service. The 2,000-square-foot building includes an approved seating setup for 50 guests inside and out, supported by a commercial kitchen featuring a double-stacked pizza conveyor oven, large refrigerator/freezer, three-bay sink, commercial vent hoods, beer and beverage coolers, and warming fixtures. The dining area is equipped with five flat-screen TVs, and there is a rear storage shed for additional supplies and equipment.
The property is located just off an I-75 exit with easy interstate access and a large lighted sign for visibility. The site also offers ample parking out front, supporting convenient customer arrival and pickup.
For day-one operations, the space is fully equipped and described as approved for immediate restaurant use, with the kitchen systems and storage in place to support ongoing service.
The property is located just off an I-75 exit with easy interstate access and a large lighted sign for visibility. The site also offers ample parking out front, supporting convenient customer arrival and pickup.
For day-one operations, the space is fully equipped and described as approved for immediate restaurant use, with the kitchen systems and storage in place to support ongoing service.
Key Highlights
- 2,000 SF restaurant building fully equipped for immediate operation
- Approved for 50 seats inside and out
- Commercial kitchen includes double‑stacked pizza conveyor oven, refrigerator/freezer, 3‑bay sink, and commercial vent hoods
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 | $46.8k | $23.40 |
| − Vacancy | −$2.1k | −$1.05 |
| EGI | $44.7k | $22.35 |
| − OpEx | −$11.2k | −$5.59 |
| NOI | $33.5k | $16.76 |
2,000 SF · lease $23.40/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$478.9K
$419.0K – $558.7K
NOI $33,521 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$495.4K
$433.4K – $577.9K
NOI $34,675 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fully equipped restaurant building with commercial kitchen, TVs, and ample front parking.
Where is this conventional restaurant located?
The property is located at 277 Luther Seiber Blvd Pioneer, TN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 2,000 SF restaurant building fully equipped for immediate operation; Approved for 50 seats inside and out; Commercial kitchen includes double‑stacked pizza conveyor oven, refrigerator/freezer, 3‑bay sink, and commercial vent hoods
