122 Lincoln St Tullahoma, TN 37388-3516
This exceptional opportunity presents a thriving family restaurant and two commercial buildings in the heart of Tullahoma, Tennessee. The main building, located at 122 W. Lincoln St., boasts 6,196 square feet of downstairs space, perfect for the established restaurant operation. This includes a private dining room accommodating 21 guests, and seating for up to 60 diners (with standing room for 83). All kitchen equipment, furniture, fixtures, and the business name are included in the sale. An additional 4,379 square feet of unfinished space upstairs offers significant expansion potential. The adjacent building at 124 W. Lincoln St. provides versatile space ideal for private parties, business meetings, or banquets. This building features two separate bars, a 20-draft beer system, two restrooms, and an office. This prime location places the property in the center of the Tennessee Whiskey Trail, near Jack Daniels, George Dickel, and Nearest Green Distilleries, and within minutes of Tims Ford Lake and Normandy Lake. The property is currently operating as a successful restaurant, and detailed financial information will be provided under a confidentiality agreement. Note that there will be no signage on the property during the sale process. This is a truly unique opportunity to acquire a well-established business with significant growth potential in a desirable location. The asking price for this combined property is $1,400,000. The property is commercially zoned.
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Play Well Mural Artist
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One22West Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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
C1 · Tullahoma, TNTullahoma. Always verify with local authorities before improvements.
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.