Bring All Offers! 10 Unit Inn & Restaurant

Hospitality for Sale
Catylist Listing ID: 30331650
Property Subtypes: Bed & Breakfast, Inn, Motel, Other
Number of Units: 10 Units
Building Size (RSF): 4,936 SF
Gross Building Area: See Agent
Gross Land Area: 0.70 Acres
Sale Price: $465,000
Unit Price: $46,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Name of Establishment: Dragon Pitt Inn & BBQ
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/2/2020

Overview / Comments

Located in opportunity zone! Don't miss this opportunity to own property on US-129 near "The Dragon"! Car enthusiasts and motorcyclists frequent the area from all over the world. RESERVATIONS ALREADY IN PLACE FOR NEXT SEASON!

The building is in great condition with recently added rooms in 2014 and an apartment for an owner/user. It also features a fully functional BBQ and kitchen located within a paved pavilion. There is also a covered garage and 2 sheds. Unit count does not include owner/user apartment/quarters. Current owners could remain as property managers.

Sale of the real estate includes the BBQ & Inn business. Financials available upon request.

Additional Details

Nearest MSA: Knoxville
County: Blount
Taxing Authority: Monroe County
Tax ID/APN: 041 021.00
Retail Clientele: General, Traveler, Tourist, Recreation, Other
Property Located Between: US-129 & Maryville
Property Visibility: Excellent
Largest Nearby Street: US-129
Feet of Frontage: 100
Traffic/Vehicle Count: 1,126
Highway Access: US-129
Airports: TYS
Site Description: Located on a corner at the intersection of US-129 & Hwy 72
Area Description: 9 miles from the "tail of the dragon" US-129
Nearby Attractions: "The Dragon" US-129
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Good
Year Built: 2009
Year Renovated: 2014
Roof Type: Gable
Construction/Siding: Wood Siding
Exterior Description: Cabin style exterior
Parking Type: Surface
Parking Description: Motorcycle parking in front of pavilion, car parking in gravel lot in front of inn.
Sprinklers: None
Laundry: Shared
Heat Type: Electricity
Heat Source: Wall Units
Air Conditioning: Window Unit
Internet Access: Cable
Interior Description: Each room is well maintained and decorated differently
Lot Frontage: 100
Lot Depth: 61
Water Service: Well
Sewer Type: Septic
Easements: Other
Easements Description: Driveway easement on portion of property across the street.

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Demographic Statistics

Proximity: 5 miles
Total Population: 7,914
Median Age: 42.78
Households: 3,122


Photograph of Listing Agent

Sam Phillips

Goldman Partners Realty, LLC
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