232 N Peachtree Ave
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232 N Peachtree Ave
2,000 SF Retail Building Cookeville, TN 38501 $983,250 ($492/SF)
Investment Highlights
- Popular local gem, Mauricio's Italian Restaurant, situated in high-traffic area with visibility to 3,500 VPD on the adjacent streets.
- Easily accessible in a walkable area of downtown Cookeville and ample on-site parking.
- Outdoor patio seating with appealing up-scale interior and 107 total seats, including patio.
- Turnkey successful restaurant business with commercial kitchen and all inventory included.
Executive Summary
232 N Peachtree Avenue is home to the long-established community favorite, Mauricio's Italian Restaurant. Up-scale Italian cuisine, reservations only, very successful, and constantly booked with patrons. The setting is super appealing and the sale includes all inventory (list provided upon request), food, wine, and spirits. Turnkey successful restaurant business - nothing to do but step into the shoes of this gem and carry on a local tradition. Host options have included: weddings, rehearsal dinners, showers, business (pharmaceutical) events, and parties. Current operating hours are Tuesday through Friday, 11-2 and 4-9, and Saturdays 4-9.
Property Facts
Sale Type
Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
2,000 SF
Building Class
C
Year Built/Renovated
1910/2000
Price
$983,250
Price Per SF
$492
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Land Acres
0.26 AC
Opportunity Zone
Yes
Zoning
CM - Commercial
Parking
10 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
118 FT on N Peachtree Ave
Amenities
- Fireplace
- Restaurant
About 232 N Peachtree Ave , Cookeville, TN 38501
This local upscale restaurant showcases the aurora of a 1910 Victorian style home. It is warm, inviting with hardwood floors and 12’ ceilings, 5 dining rooms (3 with gas fireplaces). The property is roughly 2,200 square feet sitting on a quarter-acre lot. The interior is intimate, yet spacious, with the ability to seat 82 patrons inside and 25 outside, 2 bathrooms. The property is positioned perfectly right outside downtown Cookeville.
Walk Score ®
Very Walkable (86)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
9,458
34,868
55,367
63,098
2029 Population
10,159
37,506
59,546
67,886
2024-2029 Projected Population Growth
7.4%
7.6%
7.6%
7.6%
Median Age
27.4
31.4
34.2
35.5
College Degree + Higher
21%
28%
26%
17%
Daytime Employees
14,006
33,067
38,054
39,769
Total Businesses
1,527
3,141
3,644
3,843
Average Household Income
$59,832
$67,206
$71,918
$73,588
Median Household Income
$40,109
$46,361
$51,908
$53,801
Total Consumer Spending
$77.8M
$378.2M
$635.7M
$735.9M
2024 Households
3,331
14,415
22,702
25,727
Average Home Value
$313,317
$284,101
$281,687
$284,193
Nearby Major Retailers
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232 N Peachtree Ave
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