1101 W Reelfoot Ave Union City, TN 38261
For Sale
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.
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Applebee's Grill + Bar Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.