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Property profile & analytics
OFF-MARKET
Retail space

231 Cedar Ave South Pittsburg, TN 37380-1303

1,000 SF 0.08 ac lot Built 1900
Individually Owned 5-yr Hold Free & Clear
Property ID
US80-0501624
Property summary
AI-generated overview

This 1,000 square foot retail property, located at 231 S Cedar Ave in South Pittsburg, Tennessee, is a thriving bakery business for sale. The building, constructed in 1900 and extensively renovated in 2021, is situated in a high-traffic area, benefiting from its proximity to I-24 (Exit 152) and US Hwy 72. South Pittsburg's location makes it easily accessible to a large customer base, further enhanced by its hosting of the annual National Cornbread Festival, attracting over 20,000 visitors each April. The property is zoned for commercial use and includes a significant amount of equipment (list available). Currently operating as a successful bakery, this turnkey operation offers a unique opportunity for a new owner to step into an established business with a loyal customer base. Showings are available after hours to accommodate the business's operational schedule. The asking price is $450,000, representing a price per square foot of $450. This single-story building presents a compelling investment opportunity in a vibrant and growing community. The sale includes all existing equipment.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1900
Total area 1,000 SF
Lot 0.08 ac (3,500 SF)
APN 058142J C 01200
UPID US80-0501624
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
  • Alessandro's Italian Artisan Bakery Bakery Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Daniel R C Gomez · 5 yrs held
Daniel R C Gomez
since 2020
Last sale
$52,000
2 recorded transactions
2020
$52,000
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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