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Property profile & analytics
OFF-MARKET
Turn key restaurants

1803 Apd 40 Cleveland, TN 37323-6558

4,708 SF 0.66 ac lot Built 1988
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US80-1278767
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1988
Total area 4,708 SF
Lot 0.66 ac (28,750 SF)
Zoning code C2
APN 058P D 001.10 000
UPID US80-1278767
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Laguna's Kitchen Mexicano Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Ok Magney INC · 3 yrs held
Ok Magney INC
since 2022
Last sale
$425,000
5 recorded transactions
2022
$425,000
1992
$100,000
1990
$130,000
1988
$35,000
1969
Price N/A
Zoning & alternative use
C2 · Cleveland, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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