234 E Meeting Street

Retail-Commercial for Sale
Catylist Listing ID: 30418180
Property Subtypes: Restaurant
Building Size (RSF): 3,376 SF
Gross Building Area: See Agent
Gross Land Area: 0.49 Acres
Sale Price: $375,000
Unit Price: $111.08 PSF
Property Use Type: Investment
Building Name: Asian Cafe
Sale Terms: Cash to Seller
Last Updated: 7/7/2019

Overview / Comments

Extraordinary Business or Investment Opportunity in Dandridge! This commercial building is an iconic landmark in the town of Dandridge, and it has always been known as a local gathering place. For the past 40+ years, several restaurants have thrived at this location, perhaps most notably the Wagon Wheel. The current owners lease the property for $2,500 per month to the Asian Café. The Asian Café does NOT want to relocate, so if you are an investor then you have a tenant waiting for you! If being a restaurant owner is not your choice of business, this 3,376 square foot building would serve perfectly for a professional office, retail store, pre-school, real estate office or many other purposes. TDOT traffic count from 2016 reports 6,271 cars pass this location daily! City water and sewer as well as high-speed cable internet service the property. There are commercially-approved grease traps already installed. Feel free to walk into the restaurant at any time during business hours, however the tenant is not obligated to allow you to see inside the kitchen area. Please make an appointment with any Realtor to see the inside of the kitchen.

Additional Details

Nearest MSA: Morristown
County: Jefferson
Taxing Authority: Dandridge & Jefferson County
Tax ID/APN: 068 K 009.00
Zoning: C1
Retail Clientele: Business
Feet of Frontage: 301
Traffic/Vehicle Count: 6,271
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,376 SF
Property Condition: Good
Year Built: 1940
Year Renovated: 2016
Construction/Siding: Vinyl Siding
Total Parking Spaces: 25
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,823 7,196 15,020
Median Age: 36.52 43.56 43.57
Households: 572 2,771 5,853

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