Cedar Lane Restaurant

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30748553
Property Subtypes: Free-Standing Building, Restaurant, Tavern/Bar/Nightclub
Status: Pending
Building Size (RSF): 6,446 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $255.97 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/6/2022

Overview / Comments

Completely furnished 6.400 SF Sit-Down Restaurant in one of Knoxville's most densely populated areas, with 139 parking spaces and traffic count of over 20,000 ADT. Situated on 1.8 acres on the "going home" side of Cedar Lane, just a half mile off I-75, this property is perfectly positioned for a high-volume fast-casual / casual restaurant.

Additional Details

Nearest MSA: Knoxville
County: Knox
Tax ID/APN: 068LD006

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,356 66,271 176,699
Median Age: 34.69 36.09 34.88
Households: 2,696 28,823 73,834
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