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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

85 Tennessee Ave Parsons, TN 38363

1,200 SF
Property ID
Property summary
AI-generated overview

This 1,200 sq ft retail space in Parsons, TN, at 85 Tennessee Ave N, presents a unique investment opportunity. Currently operating as a successful restaurant and bait shop for nearly nine years, this established business boasts high traffic volume and includes all equipment. The property features two enclosed carports, one with a rolling door, offering versatile storage or additional sales space. Imagine a farmers market, selling plants, or any number of retail ventures. The possibilities are extensive. A small storage shed is also included, adding to the property's functionality. The asking price is $169,900. This turnkey operation is ideally situated for continued success or adaptation to a new business model. The high-traffic location ensures excellent visibility and accessibility for customers. The existing infrastructure and equipment provide a solid foundation for immediate operation, minimizing start-up costs and maximizing return on investment. This property offers a rare blend of established business and adaptable space, making it an exceptional opportunity for a savvy investor. Don't miss this chance to acquire a thriving business and prime retail location in a high-demand area.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,200 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bait An Twine Snacks Restaurant
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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