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Freestanding restaurant building 103 N Military St 2,920 SF Retail Building Loretto, TN 38469 $795,000 ($272.26/SF)



Executive Summary
Positioned at the signalized intersection of North Military Street (U.S. Highway 43) and Commerce Street, this 2,920-square-foot quick service restaurant offers excellent visibility, functionality, and access. Built in 2020 and previously occupied by Burger King, the property sits on a 1.17-acre corner lot and features a drive-thru, 27 surface parking spaces, and durable masonry construction in excellent condition.
The site is ready for immediate occupancy, with multiple access points, a level topography, and no deferred maintenance. Zoned C-2 (Highway Commercial District), it supports a broad mix of permitted uses including restaurant, retail, service, and hospitality—ideal for franchisees, independent operators, or investors seeking a turnkey opportunity in Loretto’s primary commercial corridor.
All major utilities are in place, with water, sewer, and natural gas provided by Loretto Utilities, electricity furnished by Lawrenceburg Utility Systems, and telecommunications services available through AT&T, Verizon, Spectrum, and other providers.
Surrounded by trade, transportation, and manufacturing employment hubs, this site is well-positioned for immediate reactivation or redevelopment in a steadily growing Middle Tennessee market.
The site is ready for immediate occupancy, with multiple access points, a level topography, and no deferred maintenance. Zoned C-2 (Highway Commercial District), it supports a broad mix of permitted uses including restaurant, retail, service, and hospitality—ideal for franchisees, independent operators, or investors seeking a turnkey opportunity in Loretto’s primary commercial corridor.
All major utilities are in place, with water, sewer, and natural gas provided by Loretto Utilities, electricity furnished by Lawrenceburg Utility Systems, and telecommunications services available through AT&T, Verizon, Spectrum, and other providers.
Surrounded by trade, transportation, and manufacturing employment hubs, this site is well-positioned for immediate reactivation or redevelopment in a steadily growing Middle Tennessee market.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,920 SF
Building Class
C
Year Built
2020
Price
$795,000
Price Per SF
$272.26
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.17 AC
Zoning
C-2 - General Commercial District
Amenities
- Signage
- Drive Thru
- Air Conditioning
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 151B-C-001.00 | Improvements Assessment | $280,200 |
| Land Assessment | $42,120 | Total Assessment | $322,320 |
Property Taxes
Parcel Number
151B-C-001.00
Land Assessment
$42,120
Improvements Assessment
$280,200
Total Assessment
$322,320
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Freestanding restaurant building | 103 N Military St
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