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    OFF-MARKET
    Retail properties & Spaces

    506 Main St, Waverly, TN 37185

    1,200 SF 0.38 ac lot Built 1983
    Property ID
    US80-0819189
    Property summary
    AI-generated overview

    This exceptional 1,200 square foot retail property, located at 506 W Main St in Waverly, TN, presents a unique investment opportunity for discerning entrepreneurs. Situated on a highly visible 0.38-acre lot directly on Main Street, this established restaurant enjoys a prominent location and consistent customer traffic. Currently operating as the popular "Momma's Table," the business demonstrates the property's proven potential for success. The building is fully equipped and ready for immediate operation, minimizing start-up costs and maximizing return on investment. The restaurant features both indoor and outdoor dining areas, catering to a wide range of customer preferences. A large paved parking area ensures ample space for patrons. This turnkey operation offers a seamless transition for new owners, allowing them to capitalize on an existing loyal customer base and established reputation. The property is priced at $249,900, and owner financing options may be available, making this an even more attractive proposition. Don't miss this chance to own a thriving business in a desirable location. This is a rare opportunity to acquire a well-established restaurant with significant upside potential. The property's prime location and existing infrastructure provide a solid foundation for continued success.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1983
    Total area 1,200 SF
    Lot 0.38 ac (16,553 SF)
    UPID US80-0819189
    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
    • Mama's Lil Bakery Bakery Specialty Food Shop
    • Mama's Table Restaurant
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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