Restaurant & Separate Retail Building For Sale

Expired Retail-Commercial for Sale
Catylist Listing ID: 30787670
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant
Building Size (RSF): 2,688 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $446.43 PSF
Property Use Type: Business
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 8/4/2022

Overview / Comments

LISTING AGENT MUST ACCOMPANY ALL SHOWINGS. This is a remarkable opportunity to own 2 businesses. Excellent repeat business for a restaurant and a separate retail building (included but subject to current lease). It is ideally located on State Hwy 321 with an amazing view of Cove Mountain. High traffic count - especially since the completion of the Foothills Parkway. The restaurant currently closes at 3:00pm each day - increase the hours for additional revenue. The separate retail building currently has one tenant but the building could be easily modified for 3 separate spaces. Schedule your showing today to see the potential for this investment.
Directions: From the Parkway (US-441) in Pigeon Forge, turn onto Wears Valley Rd. Follow approximately 7.5 miles to property on the right. Look for RE sign.
Addendum: Listing agent must accompany all showings. Information taken from tax records and seller and deemed to be reliable but not guaranteed. Buyer to perform due diligence and verify independently. Contact listing agent for showing.

Additional Details

Nearest MSA: Sevierville
County: Sevier
Taxing Authority: Sevier County
Tax ID/APN: 078124 00302
Property Located Between: Knoxville and Pigeon Forge
Property Visibility: Good
Airports: Knoxville/Alcoa Airport is 40 mins away
Tenancy: Multiple Tenants
Year Built: 1992
Construction/Siding: Other
Parking Type: Surface
Parking Description: 10+
Heat Type: Other
Heat Source: Other
Air Conditioning: Other
Zoning Description: C-1
Lot Frontage: over 250
Water Service: Well
Sewer Type: Septic

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 6,057 7,673
Median Age: 46.85 46.63
Households: 2,479 3,121
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