Freestanding Restaurant with Private
For Sale
Contact for pricing
618 S LOWRY ST, Smyrna, TN 37167
Freestanding restaurant building with private parking and wheelchair accessibility on a main corridor in Smyrna, TN.
Property Size3,404 SF
Lot Size0.47 Acres
Price / SF$293.48
Days on Market101
Property Features for 618 S LOWRY ST
General Information
Standard status
Active
Size
3,404 SF
Class
C
Total Parking Spaces
40
Lot size
0.47 Acres
Property subtype
Retail, Office
Zoning
C-3
Additional Details
Business Included
Yes
Traffic Count
29,000 vehicles/day
Commercial Hood
Yes
Building Details
Year Built
1960
Stories
1
Units
1
Listing Agency:
Beachwood Commercial Real Estate Brokerage
Listed By:
Beau Beach, MBA CCIM · License #Multiple States
Source:
Crexi
Added: Jul 7
Changed: Oct 13
Last Checked: Oct 15 at 12:10AM
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 Beachwood Commercial Real Estate Brokerage
Investment Insights
Based on property information with market context.
618 S Lowry St is a freestanding restaurant building totaling 3,404 SF on 0.47 acres, built in 1960. The property includes wheelchair accessibility and an oversized private parking lot, with room for additional expansion to the south. The building has an operational restaurant buildout history, with a full bar and hood infrastructure, and is zoned C-3, offering a workable foundation for an owner to update and reposition the space.
Located on Smyrna’s main commercial corridor along S Lowry Street (US-41/SR-1), the site benefits from corridor momentum tied to ongoing TDOT improvements, with work expected to be completed in 2026. The Lowry Street rehabilitation effort will add sidewalks, landscaping, and crosswalks in phases starting in the downtown core. The corridor carries approximately 20,000–29,000 vehicles per day, and the nearby Sewart’s Landing mixed-use project (44 acres, $400 million) is planned about a mile away, including a Sprouts Farmers Market anchor and substantial retail, office/medical, and hotel components.
Buyer to receive a $5,000 convenience credit at closing if the brokerage manages the transaction. Seller financing may be available for qualified buyers with 15% down and 6.5% interest, subject to personal guarantee.
Located on Smyrna’s main commercial corridor along S Lowry Street (US-41/SR-1), the site benefits from corridor momentum tied to ongoing TDOT improvements, with work expected to be completed in 2026. The Lowry Street rehabilitation effort will add sidewalks, landscaping, and crosswalks in phases starting in the downtown core. The corridor carries approximately 20,000–29,000 vehicles per day, and the nearby Sewart’s Landing mixed-use project (44 acres, $400 million) is planned about a mile away, including a Sprouts Farmers Market anchor and substantial retail, office/medical, and hotel components.
Buyer to receive a $5,000 convenience credit at closing if the brokerage manages the transaction. Seller financing may be available for qualified buyers with 15% down and 6.5% interest, subject to personal guarantee.
Key Highlights
- Freestanding 3,404 SF restaurant building built in 1960 on 0.47 acres in Smyrna, TN
- Oversized private parking lot with wheelchair accessibility; parking lot can be expanded further to the south
- Zoned C‑3; long‑time food‑and‑beverage use with buildout, full bar, and hood infrastructure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$82,350
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,000
$1.6M
Cap Rate 7%
$1,176,429
$1.2M
Cap Rate 9%
$915,000
$915.0K
Market Conditions
NOI Build-Up for 3,404 SF
Gross rent
$114.4K $33.60/SF
− Vacancy
−$4.6K −$1.34/SF
EGI
$109.8K $32.26/SF
− OpEx
−$27.4K −$8.06/SF
NOI
$82.3K $24.19/SF
Area
Rutherford County, TN
Vacancy
4.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,647,000
Cap Rate 7%
$1,176,429
Cap Rate 9%
$915,000
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,350 @ 7.0% cap · market cap 8.24%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
29,000 VPD
Traffic count
Turnkey business
Opportunity
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
209
Businesses Nearby
17k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
10,581 visits/mo
0.2 miles
Dirt Cheap
Shops & Services
3,707 visits/mo
0.3 miles
Compass Self Storage
Shops & Services
1,864 visits/mo
0.5 miles
FirstBank
Shops & Services
1,277 visits/mo
0.4 miles
Demographics for 37167, TN
61,731
Population
23,694
Households
2.6
Avg Household Size
36
Median Age
28%
College-Educated
90%
High-School Grad
55.0 sq mi
ZIP Area
1,122
Density / Sq Mi
$79,720
Median Household Income
$42,705
Median Earnings
$1,359
Median Rent
$330,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Freestanding restaurant building with private parking and wheelchair accessibility on a main corridor in Smyrna, TN.
Where is this conventional restaurant located?
The property is located at 618 S LOWRY ST Smyrna, TN.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Freestanding 3,404 SF restaurant building built in 1960 on 0.47 acres in Smyrna, TN; Oversized private parking lot with wheelchair accessibility; parking lot can be expanded further to the south; Zoned C‑3; long‑time food‑and‑beverage use with buildout, full bar, and hood infrastructure
