Corner Restaurant Turnkey
4628 W Broad St Cookeville, TN 38501
4628 W Broad St, Cookeville, TN, 38501
$249,900
For Sale
$249,900
Fully renovated corner restaurant space with a front patio seating area, bar-top service, and approximately 20 parking spaces.
Property Size960 SF
Price / SF$260.31
Days on Market132
Property Features for 4628 W Broad St
General Information
- Standard status
- Active
- Size
- 960 SF
Listing agency
Highlands Elite Real Estate LLC
(931) 644-3311
Listed by
Brandon Farley
(931) 644-3311
Source
Exprealty
Added: Mar 13 Updated: Jul 22 at 1:48PM Checked: Jul 22 at 1:48PM
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 Highlands Elite Real Estate LLC
Investment Insights
Based on property information with market context.
Fully renovated commercial property located on a corner site and presented turn-key for restaurant, coffee shop, or sports bar concepts. The updates include a new roof, updated electrical and plumbing, fresh interior and exterior paint, and a newly concreted parking area. Interior features include a front patio seating area for outdoor dining, high-end commercial appliances, and a bar-top service area. A security system with cameras will convey.
The property is located on W Broad St in the Cookeville/Baxter corridor, just minutes from I-40, with an over 7,300 AADT count.
Approximately 20 parking spaces are available for customer access and convenience.
The property is located on W Broad St in the Cookeville/Baxter corridor, just minutes from I-40, with an over 7,300 AADT count.
Approximately 20 parking spaces are available for customer access and convenience.
Key Highlights
- Fully renovated corner commercial property with front patio seating area for outdoor dining
- Previously operated as a restaurant; suitable for a restaurant, coffee shop, or sports bar concept
- Major improvements include new roof, updated electrical and plumbing, fresh interior/exterior paint, and newly concreted parking area
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 | $22.1k | $23.04 |
| − Vacancy | −$929 | −$0.97 |
| EGI | $21.2k | $22.07 |
| − OpEx | −$5.3k | −$5.52 |
| NOI | $15.9k | $16.55 |
960 SF · lease $23.04/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$227.0K
$198.7K – $264.9K
NOI $15,892 @ 7.0% cap · market cap 6.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$396.2K
$346.7K – $462.3K
NOI $27,735 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
World Kitchen
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully renovated corner restaurant space with a front patio seating area, bar-top service, and approximately 20 parking spaces.
Where is this conventional restaurant located?
The property is located at 4628 W Broad St Cookeville, TN.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Fully renovated corner commercial property with front patio seating area for outdoor dining; Previously operated as a restaurant; suitable for a restaurant, coffee shop, or sports bar concept; Major improvements include new roof, updated electrical and plumbing, fresh interior/exterior paint, and newly concreted parking area
