Corner Restaurant Turnkey
For Sale
$249,900
4628 W Broad St, Cookeville, TN 38501
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 Market146
Property Features for 4628 W Broad St
General Information
Standard status
Active
Size
960 SF
Total Parking Spaces
20
Site & Location
Traffic Count
7,300 vehicles/day
Highway Access
Yes
Additional Details
Furnished
Yes
Amenities
front patio seating area
high-end commercial appliances
bar-top service area
security system with cameras
Listing Agency:
Highlands Elite Real Estate LLC
(931) 644-3311
Listed By:
Brandon Farley
(931) 644-3311
Source:
Exprealty
Added: Mar 13
Changed: Jul 22
Last Checked: Jul 31 at 6:48PM
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
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 authorities.
Property Analytics
Current Use
Lease Details
7,300 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,701
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 38501, TN
41,141
Population
19,158
Households
2.1
Avg Household Size
33
Median Age
31%
College-Educated
88%
High-School Grad
87.1 sq mi
ZIP Area
472
Density / Sq Mi
$50,923
Median Household Income
$30,191
Median Earnings
$856
Median Rent
$245,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
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
