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    Sports Bar & Retail with Apartments Title is generated by Realmo AI

    370 Tennessee 304, Decatur, TN 37322

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    Claim this Listing
    New
    For Sale
    $869,900

    COMMERCIAL - Decatur, TN

    Property size:
    4,080 SF
    Lot size:
    0.95 Acres
    Price / SF:
    $213/SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 1:06 am

    Property Features for 370 Tennessee 304

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    20
    Parking features
    Parking Lot
    Security features
    Security
    Interior features
    Wired for Sound, Wired for Data, Open Floorplan, High Speed Internet, High Ceilings, Bar, Cathedral Ceiling(s), Ceiling Fan(s)
    Appliances
    Electric Cooktop, Electric Oven, Electric Range, Freezer, Indoor Grill, Induction Cooktop, Microwave, Refrigerator
    Standard status
    Active
    APN
    019 059.01
    Size
    4,080 SF
    Lot size
    0.95 Acres

    Taxes and HOA fees

    Tax Annual Amount
    833

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1973
    Flooring type
    Concrete
    Building materials
    Aluminum Siding, Wood Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Melody McNeill
    Melody McNeill

    Listing agent Melody McNeill License #353484

    Listing office CENTURY 21 Legacy 1015 W Madison Ave, Athens, TN

    Listing date Jun 2, 2026

    MLS# 20262870

    Copyright © 2026 River Counties 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.

    HighLights

    • 2,400 SF commercial building with fully equipped sports bar and kitchen, plus a general store/retail component
    • Business includes equipment, inventory, and a security system—designed for immediate operations
    • Updated 400‑amp electrical service, along with updated wiring and plumbing
    • Indoor and outdoor seating areas and a paved parking lot with parking provided on‑site
    • Two detached apartment units total 1,680 SF, including a 2‑bedroom/1‑bath unit rented for $1,000 per month
    • Metal roof with central heating and central air, wired for sound and wired for data

    Overview

    This turn-key property combines an established sports bar and grill, a general store, and two detached apartment units. The 2,400-square-foot commercial building is fully operational and offered with equipment and inventory, including a fully equipped kitchen, bar, multiple coolers, and food service stations. It also features indoor and outdoor seating, updated electrical and plumbing, a security system, and paved parking. The commercial component is built around a customer-ready setup designed for immediate continuity of service.

    Located near Watts Bar Lake in Decatur, Tennessee, the business is positioned as a long-running community gathering spot with more than 20 years of history, recently revitalized into a successful sports bar, restaurant, and local destination. Additional value comes from two detached apartments totaling 1,680 square feet, providing separate living and income options alongside the commercial operation.

    For an investor or owner-operator, the mix of retail, food and beverage, and rental income supports a multi-stream structure in a single ownership. With one apartment currently rented for $1,000 per month and the second unit offering additional storage or future renovation potential, the property can be managed as an integrated live-work or investment asset while preserving opportunities to expand returns.
    Location Intelligence

    Current Use by Public Records

    Bars & Pubs

    Map

    City
    Decatur
    County
    Meigs
    State
    Tennessee
    Longitude
    -84.8079
    Latitude
    35.5065

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    FAQs

    What type of property is this?
    Bar & Pub - Turn-key sports bar and general store with indoor/outdoor seating plus income-producing detached apartments.
    Where is this bar & pub located?
    The property is located at 370 Tennessee 304 Decatur, TN.
    What is the asking price?
    The asking price for this property is $869,900.
    What are key features of this property?
    This property features: 2,400 SF commercial building with fully equipped sports bar and kitchen, plus a general store/retail component; Business includes equipment, inventory, and a security system—designed for immediate operations; Updated 400‑amp electrical service, along with updated wiring and plumbing
    (423) 781-1160
    We can help!
    Listing Contact
    Melody McNeill
    Melody McNeill
    Real Estate License ID: 353484
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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