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34247705

618 S LOWRY ST, SMYRNA, TN 37167-3820 For Sale

BB
Multiple States
Beachwood Commercial Real Estate Brokerage
Listed by Beachwood Commercial Real Estate Brokerage
$1,095,000
11 days on market
Updated 11 days ago

618Lowry.com | Restaurant | Seller Financing

Details
APN 034 00300
Property Type Retail
Sub Type QSR/Fast Food, Restaurant (+1)
Square Footage 3,404
Units 1
Class C
Year Built 1960
Stories 1
Lot Size (SqFt) 20,602
Zoning C-3
Parking Spaces 40 spaces
Parking per 1,000 SqFt 11.75
Ground Lease No

Hard-to-Find Restaurant in Smyrna

Marketing description

Beau Beach, MBA, CCIM presents:

Freestanding restaurant on Smyrna's main corridor, one mile from the $400M Sewart's Landing town center, in one of the fastest-growing submarkets in Middle Tennessee.

There are very few restaurant buildings in Smyrna...this is your chance to get into this booming market.

618 S Lowry is a 3,404 SF building on 0.47 acres, built in 1960, with an oversized private parking lot and wheelchair accessibility.  Parking lot can be expanded further to the South.

Zoned C-3, this long-time restaurant has great bones and is ready for your update...be creative!  Save 40% on construction costs on average when you start from a second generation restaurant space!

The building housed the legendary Omni Hut Polynesian restaurant for decades and most recently operated as The Tasting Room, an upscale wine bar and small-plates concept, so it's had continuous food-and-beverage use with the buildout, full bar, and hood infrastructure that implies.

Seller Financing

Avoid all the bank headaches!  For qualified buyers, seller will provide Seller Financing.  15% down, 6.5% interest, monthly interest-only payment of $5,041 with personal guarantee required.

New to seller financing and want to learn more?:  Skip the Bank: Why Buyers Prefer Seller Financing

Corridor Momentum

South Lowry Street (US-41/SR-1) is Smyrna's main commercial spine, and the state is actively investing in it.

TDOT's Lowry Street improvement project...relieving congestion at key intersections and enhancing connectivity...is expected to be completed in 2026, meaning a buyer inherits the upgraded corridor without the construction pain.

The Town has also launched a multi-phase project to rehabilitate Lowry Street with sidewalks, landscaping, and crosswalks, starting with the downtown core.

20,000–29,000 vehicles per day on the S Lowry corridor.

The Sewart's Landing Halo

Sewart's Landing, a 44-acre, $400 million mixed-use development, is going in at Sam Ridley Parkway West at South Lowry Street...roughly a mile up the same road. It will bring a 23,500 SF Sprouts Farmers Market anchor, roughly 280,000 SF of retail, up to 400,000 SF of office and medical, and two boutique hotels totaling 240 rooms, with Sprouts targeting a late-2026 opening and the majority of the project completed within 24 months.

That's a massive traffic and daytime-population generator landing on this corridor right after you take possession.

Market Fundamentals

Smyrna jumped from under 40,000 people in 2010 to over 53,000 in 2020, with projections putting the population near 65,000 today...in Rutherford County, one of the fastest-growing counties in the country.

Add the Nissan plant employment base and new industrial momentum like Cornerstone Business Park, a 152-acre, 1.8 million SF industrial park that broke ground in Smyrna.

Floor Plan

Visit 618Lowry.com to view the Floor Plan.

Buyer to receive $5,000 Convenience Credit

Buyer will receive a $5,000 credit at closing if our brokerage manages the entire transaction.  We must prepare all the paperwork.

Call Beau at 615-200-9330 or email [email protected] with all questions.

Investment highlights

  • Freestanding restaurant on Smyrna’s main corridor
  • One mile from the $400M Sewart’s Landing town center, in
  • One of the fastest-growing submarkets in Middle Tennessee.
  • There are very few restaurant buildings in Smyrna
  • 618 S Lowry is a 3,404 SF building on 0.47 acres
  • Built in 1960
  • Oversized private parking lot
  • Wheelchair accessibility
  • Zoned C-3
  • This long-time restaurant has great bones and is ready for your update…be creative!
  • Save 40% on construction costs on average when you start from a second generation restaurant space!
  • Continuous food-and-beverage use with the buildout, full bar, and hood infrastructure that implies.
  • Seller Financing
  • Avoid all the bank headaches!
  • For qualified buyers, seller will provide Seller Financing. 15% down, 6.5% interest, monthly interest-only payment of $5,041 with personal guarantee required.
  • 20,000–29,000 vehicles per day on the S Lowry corridor.
  • Smyrna jumped from under 40,000 people in 2010 to over 53,000 in 2020, with projections putting the population near 65,000 today
  • Buyer to receive $5,000 Convenience Credit
  • Call Beau at 615-200-9330 or email [email protected] with all questions.

Listing Contacts

BB
Multiple States
Beachwood Commercial Real Estate Brokerage
Listed by Beachwood Commercial Real Estate Brokerage

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