Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

68 Morgan Cir, Unit 68 Petersburg, TN 37144-7644

  • Retail space
  • 1,980 SF
  • 0.52 lot acres
OFF-MARKET
Value Estimation
$205,000
Last Sale
Jun 28, 2023
$210,000
Location Intelligence
Property ID
US80-3548377
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • PETERSBURG POLICE SPEEDTRAP / Government Office
  • Crossroads Mealhouse / Restaurant

Property Details for 68 Morgan Cir

Year built
2012
Construction
WOOD
Lot size
0.52 lot acres
Property size
1,980 SF
Property type
Retail space
APN
4003
APU
4003

Description

This thriving restaurant, Crossroads Mealhouse, presents a unique opportunity for ownership in Petersburg, TN. Located on Highway 431, the property boasts approximately 400 feet of road frontage, ensuring high visibility and accessibility. The 1,800 square foot building sits on a 0.52-acre lot and comfortably seats 69 patrons. Included in the sale are most of the restaurant's equipment, tables, chairs, dishes, and some inventory. The option to acquire the established restaurant name is also available. Note that some items belong to vendors and are not included. The property features two HVAC units, one of which is only three years old, providing efficient climate control. Additional features include a 12x5 storage closet and two half-bathrooms. A stainless steel hot bar and cold bar, housed in a storage container, are also part of the sale. The property's leasehold items include a dumpster, propane tank, and grease catcher. This turnkey operation is priced at $315,000 and offers immediate potential for continued success.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $185,000
  • CAP approach

    CAP return
    Estimation
    6%
    $260,000
    6.5%
    $250,000
    7%
    $260,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $220,000
    Geo Method
    $210,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $255,000
    Retail
    $250,000
    Mixed-Use
    $260,000
    Hospitality
    $260,000
    Educational
    $270,000
    Residential Income
    $235,000
    Energy
    $275,000
    Income-Based Land
    $270,000
    Food Service
    $245,000

Location Insight

  • Map
  • Local Demand
City
Petersburg
County
Lincoln
State
Tennessee
Longitude
-86.6327
Latitude
35.2977

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$554
$3,280
$23,080
$26,360
-
$8,200
$57,700
$65,900
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message