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Property profile & analytics
OFF-MARKET
Turn key restaurants

2207 Railroad Ave Athens, TN 37303-1625

1,500 SF 0.5 ac lot Built 1983
Individually Owned 13-yr Hold Free & Clear
Property ID
US80-1228378
Property summary
AI-generated overview

This 1,500 square foot mixed-use building, situated on a half-acre lot at 2207 Railroad Avenue in Athens, Tennessee, presents a compelling investment opportunity. Previously operated as a restaurant, its adaptable layout offers diverse potential uses for a variety of businesses. The property boasts a recently paved parking lot, providing ample space for customers and employees. Interior improvements include fresh paint, enhancing the overall aesthetic appeal and creating a clean, modern feel. The kitchen is equipped with a brand-new hood system, ready for immediate use or customization to suit a new culinary concept. The building's location in Athens offers excellent visibility and accessibility, making it an ideal choice for entrepreneurs seeking a well-maintained property with significant upside potential. The half-acre lot provides ample space for expansion or outdoor seating, further enhancing the property's versatility. This is a turn-key opportunity for a savvy investor looking to capitalize on a thriving market. The combination of recent upgrades, prime location, and flexible space makes this property a truly attractive investment. Serious inquiries are encouraged to explore the possibilities this unique commercial space offers.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1983
Construction WOOD
Total area 1,500 SF
Lot 0.5 ac (21,780 SF)
Zoning code B-4
APN 054047K B 01600
UPID US80-1228378
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
Value estimations
Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Daniel E Morgan JR. · 13 yrs held
Daniel E Morgan JR.
since 2012
4 recorded transactions
2012
$50,000
2012
$50,000
1993
$65,000
1993
$65,000
Zoning & alternative use
B-4 · Athens, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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