Property profile

1101 W Reelfoot Ave Union City, TN 38261

FOR SALE
Turn key restaurants
Property ID
US80-1954753
3,902 SF 1.31 ac lot Built 2004
Entity Owned 23-yr Hold Free & Clear
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1101 W Reelfoot Ave, Union City, TN 38261 For Sale
Contact for pricing 3,902 SF
1101 W Reelfoot Ave, Union City, TN 38261
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Property summary

AI-generated overview

This exceptional commercial property, located at 1101 W. Reelfoot Ave in Union City, Tennessee, presents a unique investment opportunity. The 3,854 square foot building sits on a commercially zoned lot (APN: 059 011.01) and is priced at $475,000, or $123.25 per square foot. The single-story structure offers significant potential for a restaurant owner/user. The property boasts a prime location with high visibility and traffic, experiencing an estimated 28,000 vehicles per day. While previously damaged by fire, this presents a chance to rebuild and create a modern, functional restaurant space. The property's zoning is Commercial, allowing for a variety of uses. The building's size and location make it an ideal candidate for a thriving restaurant business. Serious inquiries are encouraged to explore the possibilities of this high-traffic, high-potential commercial property in Obion County, Tennessee, zip code 38261. The property is ready for redevelopment and offers a strong return on investment for the right buyer. This is a rare opportunity to acquire a well-situated commercial property in a growing area.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 2004
Total area 3,902 SF
Lot 1.31 ac (57,064 SF)
APN 066059 01101
UPID US80-1954753

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant

Location

1101 W Reelfoot Ave Union City, TN 38261
Union City metro Census 965500 UNION CITY, TN-KY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$385k

Owner & transaction history

2 recorded transactions
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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