1803 Apd 40 Cleveland, TN 37323-6558
- Turn key restaurants
- 4,708 SF
- 0.66 lot acres
Aug 04, 2022
Current Use by Public Records
- Laguna's Kitchen Mexicano / Restaurant / Mexican Restaurant
Property Details for 1803 Apd 40
- Year built
- 1988
- Lot size
- 0.66 lot acres
- Property size
- 4,708 SF
- Zone code
- C2
- Property type
- Turn key restaurants
- APN
- 058P D 001.10 000
- APU
- 058PD00110000
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $380,000
- ML approach
- $425,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $553,000
- AI Estimate
- $255,000
Market price range: $457k - $2.33MMarket price range: $256k - $734k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.8533
- Latitude
- 35.1411
- CBSA code
- 17420
- CBSA name
- CLEVELAND, TN METROPOLITAN STATISTICAL AREA