Freestanding Restaurant with Private
618 S LOWRY ST Smyrna, TN 37167
618 S LOWRY ST, Smyrna, TN, 37167
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For Sale
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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$321.68
Days on Market10
Property Features for 618 S LOWRY ST
General Information
- Standard status
- Active
- Size
- 3,404 SF
- Lot size
- 0.47 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing Agency
Beachwood Commercial Real Estate Brokerage
Listed by
Beau Beach, MBA CCIM · License #Multiple States
Source
Crexi
Added: Jul 7 Checked: Jul 14 at 11:19 pm
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
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 | $114.4k | $33.60 |
| − Vacancy | −$4.6k | −$1.34 |
| EGI | $109.8k | $32.26 |
| − OpEx | −$27.4k | −$8.06 |
| NOI | $82.3k | $24.19 |
3,404 SF · lease $33.60/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.18M
$1.03M – $1.37M
NOI $82,350 @ 7.0% cap · market cap 7.52%
Second Best
Industrial
$321.6K
$281.4K – $375.2K
NOI $22,512 @ 7.0% cap · market cap 2.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tasting Room
Restaurant
Similar For Sale Nearby
FAQs
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 $1,095,000.
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
