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    144 Us-72 Collierville, TN 38017

    Sponsored
    For Sale
    $595,000

    Prime Hwy 72 restaurant, 2372 sq ft.

    Property size:
    2,372 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,372-square-foot restaurant is ideally situated at 144 US Highway 72 in Collierville, Tennessee, zip code 38017. The property, built in 1954 and extensively renovated in 2021, boasts a desirable Class B rating and sits on a 0.37-acre lot. Zoned for retail/commercial use, this single-story building offers ample space for a thriving business. The asking price is $595,000, translating to $250.84 per square foot. Its prime location just off Highway 72 ensures excellent visibility and convenient access. The property's proximity to the Sunset Inn and a growing suburban area provides a strong customer base. The interior features a full-sized bar and plenty of open space, making it an attractive opportunity for a variety of restaurant concepts or even retail uses. This turnkey operation is ready for a new owner to capitalize on its established location and potential. The net rentable square footage is 2,372 square feet. This is a rare opportunity to acquire a well-maintained, updated restaurant in a high-traffic area.

    Property Features for 144 Us-72

    General Information

    Property type
    Restaurants
    Square Feet
    2,372 SF
    Class
    B
    Lot Size
    16,117 SF

    Building Details

    Year Built/Renovated
    1954/2021
    Buildings
    1
    Stories
    1

    HighLights

    • 2,372 SF restaurant in Collierville, TN (zip code 38017) on a 0.37‑acre lot.
    • Class B building, built in 1954, extensively renovated in 2021.
    • Retail/commercial zoning; $595,000 asking price ($250.84/SF).
    • High‑visibility location off Highway 72, near Sunset Inn and growing suburban area.
    • Features a full‑sized bar and ample open space, ideal for various restaurant or retail concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Collierville
    County
    Shelby
    State
    Tennessee
    Longitude
    -89.667089164026
    Latitude
    35.030110932285

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    FAQs

    What type of property is this?
    Restaurant - Prime Hwy 72 restaurant, 2372 sq ft.
    Where is this restaurant located?
    The property is located at 144 Us-72 Collierville, TN.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 2,372 SF restaurant in Collierville, TN (zip code 38017) on a 0.37-acre lot.; Class B building, built in 1954, extensively renovated in 2021.; Retail/commercial zoning; $595,000 asking price ($250.84/SF).
    Request Owner's contact information
    144 Us-72 Collierville, TN 38017
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    Collierville, TN 38017
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    144 Us-72 Collierville, TN 38017
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