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    331 Tennessee Ave Etowah, TN 37331

    For Sale
    $399,000

    Established Restaurant, High-Traffic Location

    Property size:
    7,480 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    315
    This exceptional mixed-use property in Etowah, Tennessee presents a unique investment opportunity. Located at 331 N Tennessee Avenue, the 7,480 square foot building sits on a 0.96-acre lot and is currently operating as a successful Mexican restaurant. The sale includes the building and all necessary equipment for a seamless transition, making this a true turnkey operation. The restaurant boasts a loyal customer base and a proven history of profitability, providing immediate revenue potential for the new owner. Beyond the established restaurant, the expansive space offers significant versatility. Ample room allows for increased seating capacity, the hosting of private events, or even expansion into additional revenue streams. The layout is adaptable to various business concepts, allowing for creative entrepreneurs to implement their own vision. This high-traffic location ensures consistent customer flow, maximizing the potential for success. The property's size and location make it an ideal investment for those seeking a profitable, established business with significant growth potential. Priced at $399,000, this opportunity is not to be missed. The property is ready for immediate occupancy and offers a chance to own a cornerstone of the Etowah community.

    Property Features for 331 Tennessee Ave

    General Information

    Property type
    Mixed-use properties
    Square Feet
    7,480 SF
    Lot Size
    41,818 SF

    Building Details

    Year Built
    1971
    Property Profile Location Intelligence

    Current Use by Public Records

    Castillo's Mexican Restaurant Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.51974
    Latitude
    35.33543

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    FAQs

    What type of property is this?
    Mixed-use property - Established Restaurant, High-Traffic Location
    Where is this mixed-use property located?
    The property is located at 331 Tennessee Ave Etowah, TN.
    What is the asking price?
    The asking price for this property is $399,000.
    (423) 405-5157
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    331 Tennessee Ave Etowah, TN 37331
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