1803 Apd 40 Cleveland, TN 37323-6558
This exceptional mixed-use property in Cleveland, TN, offers a fully renovated restaurant and a one-bedroom apartment. Situated on a 0.66-acre lot in a high-traffic area, the 4,508 square foot, Class A building boasts a fully equipped commercial kitchen, stand-alone bar, and ample parking. The spacious, open restaurant layout features modern finishes and is ready for immediate operation. The included one-bedroom apartment provides convenient owner/operator housing or additional rental income, accessible via a private entrance. Built in 1988 and renovated in 2022, this single-unit property is zoned C2, offering flexibility for various culinary concepts. The high visibility location ensures consistent customer traffic, while the large outdoor space presents expansion possibilities. This turnkey opportunity is ideal for entrepreneurs seeking a profitable business with on-site living, or investors looking for a strong return. The property's location on a busy highway provides excellent marketing exposure and accessibility. This is a rare chance to acquire a well-established, updated restaurant with significant income potential, complemented by the added benefit of a residential apartment. The property's versatility allows for continued operation as a restaurant or adaptation to other food service businesses, even potentially franchising. The combination of commercial and residential space makes this a unique and attractive investment. The asking price is $800,000.
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Laguna's Kitchen Mexicano 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
C2 · Cleveland, TNCleveland. 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.