South Knoxville Restaurant - 1.66 Acres

Retail-Commercial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30816226
Property Subtypes: Restaurant
Status: Pending/Contingent
Building Size (RSF): 2,378 SF
Gross Land Area: 1.66 Acres
Sale Price: $1,500,000
Unit Price: $630.78 PSF
Property Use Type: Business
Building Name: Bayou Bay Seafood House
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2022

Overview / Comments

Location, Location - S Knoxville is one of the fastest growing areas, and where better to start a business. Traffic count over 36,000 a day. Looking for the opportunity to walk into the restaurant business and open with little effort? This is it. It is all there ready to go. This site and business were very successful for many years, established in 1992. COVID shut it down and now owners are ready to retire. This is located in the county. It sits on 1.66 acres. The building is in good shape, mechanically everything working. There is a maximum occupancy of 115. Currently seats for 83. FFE can be provided by request.

Additional Details

Nearest MSA: Knoxville
County: Knox
Taxing Authority: Knox County
Tax ID/APN: 137 179
Zoning: COMMERCIAL
Retail Clientele: General, Family, Business, Tourist
Property Located Between: Henley Street & John Sevier Hwy
Property Visibility: Excellent
Largest Nearby Street: Chapman Hwy & John Sevier Hwy
Feet of Frontage: 145
Traffic/Vehicle Count: 38,000
Airports: Knoxville Airport - McGee Tyson
Site Description: It sits on 1.66 acres. The building is in good/average condition, mechanically everything working. There is a maximum occupancy of 115. Currently seats for 83. FFE can be provided by request.
Area Description: Location, Location - S Knoxville is one of the fastest growing areas, and where better to start a business. Traffic count over 36,000 a day. Looking for the opportunity to walk into the restaurant business and open with little effort? This is located in the county.
Tenancy: Single Tenant
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Construction/Siding: Brick
Total Parking Spaces: 30
Parking Type: Surface
Parking Description: Level paved parking around the building. Parking Spaces are marked.
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable
Interior Description: Character is the best way to describe the interior. It has an open concept with vaulted ceiling. There is a bar top as well. No steps for entry. Large cooking, cleaning and prep area. Plenty of storage and an office space.
Zoning Description: Commercial
Lot Frontage: 145'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Cantillo
Legal Description: Parcel Id 137 179

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,586 18,116 68,469
Median Age: 42.26 39.56 34.31
Households: 656 7,984 26,908
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