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1331 Highway 100 4,120 SF Retail Building Centerville, TN 37033 $1,895,000 ($459.95/SF)
INVESTMENT HIGHLIGHTS
- Established Business: Home to the Homestead Restaurant, a beloved and profitable business operating for over 30 years, serving three meals daily
- Includes three buildings and the business
- A new bank has opened across the street (Heritage Bank and Trust)
- Situated on a corner lot along Highway 100, a major east-west connector through Middle Tennessee, offering excellent visibility and traffic.
- Suitable for retail center, mini-storage, or other commercial expansion
EXECUTIVE SUMMARY
The 30 year successful, profitable & beloved Homestead restaurant (serving 3 meals a day) is located at a corner lot on the busy Highway 100, an east-west connector through Middle Tennessee. It is located just east of Centerville, one of many towns west of Nashville that are becoming bedroom communities, with surrounding land values expected to continue to appreciate. The 6.7 acre property is being sold with the real estate, three buildings, and the business. Contact Jim Shaub at TN Bus Brokers/Fridrich&Clark (615-988-0518) www.jimshaub.com, to obtain an NDA Agreement in order to receive the financial & operating information for the business. Owner is retiring and will not sell the land and restaurant business separately. This property & location are primed for additional development including a possible retail center and mini-storage warehouse. The owner sold a corner of the property to Dollar General, who built a DG Market several years ago. A new bank has opened across the street.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,120 SF
Building Class
C
Year Built
1970
Price
$1,895,000
Price Per SF
$459.95
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
6.74 AC
Opportunity Zone
Yes
Zoning
C-1 - General Commercial
PROPERTY TAXES
| Parcel Number | 084-085.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $72,120 |
PROPERTY TAXES
Parcel Number
084-085.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$72,120
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1331 Highway 100
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