Turn-Key Restaurant with
For Sale
Contact for pricing
277 Luther Seiber Blvd, Pioneer, TN 37847
Fully equipped restaurant building with commercial kitchen, TVs, and ample front parking.
Property Size2,000 SF
Price / SF$325
Days on Market260
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
Listed By:
Tim Burnette · License #311366
(931) 372-1844
Source:
Moodyscre
Added: Feb 16
Changed: Oct 25
Last Checked: Nov 1 at 8:28AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$33,521
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,420
$670.4K
Cap Rate 7%
$478,871
$478.9K
Cap Rate 9%
$372,456
$372.5K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$46.8K $23.40/SF
− Vacancy
−$2.1K −$1.05/SF
EGI
$44.7K $22.35/SF
− OpEx
−$11.2K −$5.59/SF
NOI
$33.5K $16.76/SF
Area
Campbell County, TN
Vacancy
4.50%
Lease Rate
$23.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,420
Cap Rate 7%
$478,871
Cap Rate 9%
$372,456
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.
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Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 37847, TN
2,602
Population
1,182
Households
2.2
Avg Household Size
42
Median Age
10%
College-Educated
73%
High-School Grad
146.0 sq mi
ZIP Area
18
Density / Sq Mi
$48,333
Median Household Income
$33,076
Median Earnings
$641
Median Rent
$109,300
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 - 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
