Property summary
The property is a former restaurant building that operated as a Lee’s Famous Recipe restaurant for more than 40 years. It includes interior storage areas, three walk-in coolers/refrigeration units (including one freezer), restrooms, a manager’s office, a kitchen, and a prep area, along with a drive-thru window. Site features include a storage shed, a 1,500-gallon grease tank/trap, and 36 parking spaces. The property has been configured with restaurant-supporting operational components such as seating booths and tables, window blinds, a point-of-sale system, kitchen and reach-in refrigeration equipment, serving equipment, office furniture, shelving, and a drive-thru menu board and speaker. It is located adjacent to the Hamilton Crossing Shopping Center and has ingress/egress designed for convenient access, with traffic counts reported at over 16,000 vehicles per day; the building and site layout are suitable for continued restaurant use or related food-service concepts, subject to applicable approvals and franchise requirements.
Property profile
VerifiedCap rate & NOI
Current use
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
er 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
E · Alcoa, TNer 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business…
Zoning
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Zoning designation
Official district profile
er 2, Sub-Chapters 2.1-2.31: Zoning Ordinance 2.1 Residence A (PDF) 2.2 Residence B (PDF) 2.3 Residence C (PDF) 2.4 Planned Residential Unit Development C-1 (PDF) 2.5 Neighborhood Commercial D (PDF) 2.6 General Business…
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