Quaint Free Standing Restaurant/Retail Building in Loudon

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30782969
Property Subtypes: Convenience Store, Free-Standing Building, Restaurant, Street Retail
Status: Pending
Building Size (RSF): 1,000 SF
Gross Building Area: See Agent
Sale Price: $79,000
Unit Price: $79 PSF
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/16/2022

Overview / Comments

This quaint restaurant was owned and operated by the owner's grandmother for over 20 years. She prepared home cooked food to happy customers until she was 94 years old. The next 5 years another restaurant successfully ran a business at the location until December 2021. She was overwhelmed unable to keep employees and serve customers herself due to her age, so she decided to close.

Approx. 1,000 sf free standing restaurant/retail building less than 1 mile from downtown, Courthouse, and High School. Near popular restaurants such as Z's Fish House, Jay's Grill, and Tijuana Taco Sports Bar.

Parking in front and rear. Pylon Sign by street.

Some restaurant equipment available such as Hood System, Stainless steel sink, 3 compartment sink, and stainless steel prep table.

Possible uses include coffee shop, restaurant, sandwich shop, hair/nail salon, office, etc.

Owner is willing to do a lease purchase or with only $5k down the owner may finance the sale so you only pay $735 a month including insurance and taxes for 15 years and the property belongs to you! Great opportunity to own with minimal down payment.

Attachments & Media

Additional Details

Nearest MSA: Knoxville
County: Loudon
Tax ID/APN: 053041HE02300

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,211 8,294 25,577
Median Age: 46 41.73 44.37
Households: 888 3,218 10,320


Photograph of Listing Agent

Sam Dalili

Holrob KAAR CIE Member
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