144 Us-72 Collierville, TN 38017
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.