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Property profile & analytics
OFF-MARKET
Turn key restaurants

2848 Hwy 48th N Nunnelly, TN 37137-2864

5,393 SF 1 ac lot Built 1973
Individually Owned 17-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-1348309
Property summary
AI-generated overview

This exceptional mixed-use property, located at 2848 Hwy 48 N in Nunnelly, Tennessee, presents a unique investment opportunity. The 5,333 square foot building sits on a one-acre lot, offering ample space for a variety of commercial ventures. Currently operating as a well-established and popular local restaurant, this property benefits from significant existing infrastructure and a loyal customer base. The sale price is $650,000. The existing restaurant equipment and supplies are available for negotiation and may be included in the sale, providing a seamless transition for a new owner. The high visibility location on Highway 48 N ensures excellent exposure to a steady stream of potential customers. This property is ideal for an entrepreneur looking to establish or expand their business in a thriving community. The one-acre lot offers potential for future expansion or development, adding further value to this already attractive investment. The building's size and layout are versatile enough to accommodate a range of commercial uses, making it a highly desirable asset in the Nunnelly market. This turnkey opportunity combines the benefits of an established business with the potential for future growth and development. Don't miss this chance to own a piece of Nunnelly's vibrant commercial landscape.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Total area 5,393 SF
Lot 1 ac (43,560 SF)
APN 041071 00801
UPID US80-1348309
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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Owner & transaction history
Robert E Bliss · 17 yrs held
Robert E Bliss
since 2008
4 recorded transactions
2008
$134,000
2002
$130,000
1997
$122,650
1993
$30,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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