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    523 Louisville Rd Alcoa, TN 37701

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    For Sale
    $1,600,000

    Well-maintained restaurant property with drive-thru and included equipment.

    Lot size:
    0.76 Acres

    Property Features for 523 Louisville Rd

    General Information

    Lot size
    0.76 Acres

    Source: LeConte Realty, LLC Agent Daniel Monat

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Former Restaurant Opportunity For Sale

    This well-maintained property, formerly a Lee's Famous Recipe restaurant, operated as a restaurant for over 40 years. It includes interior storage, a storage shed, three walk-ins (one freezer), restrooms, a manager's office, a drive-thru window, a kitchen, and a prep area. The property has 36 parking spaces for the available 76 seats and a 1,500-gallon grease tank/trap. Included in the sale are seating booths and tables, window blinds, a POS system, kitchen equipment, reach-ins, some serving equipment, office furniture, shelving, and a drive-thru menu board and speaker. The location is adjacent to the Hamilton Crossing Shopping Center, with a traffic count of over 16,000 and easy in/out access. The property presents an opportunity to apply for the Lee's Famous Recipe franchise or implement another concept/brand. This location generated over $2.0M in revenue for the operator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lee's Famous Recipe ... Chicken 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.

    Similar Places Nearby

    Deli Fornia, City Farms Charcuterie

    Location Insight

    • Map
    • Local Demand
    City
    Alcoa
    County
    Blount
    State
    Tennessee
    Longitude
    -83.9839685
    Latitude
    35.7699105

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    FAQs

    What type of property is this?
    Restaurant - Well-maintained restaurant property with drive-thru and included equipment.
    Where is this restaurant located?
    The property is located at 523 Louisville Rd Alcoa, TN.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Former restaurant location with a proven track record of $2.0M+ revenue.; - Well-maintained property with existing restaurant infrastructure: **kitchen, prep area, drive-thru, walk-ins, and grease trap.**; - Includes all furniture, fixtures, and equipment (FF&E) such as **seating, POS system, kitchen equipment, and drive-thru menu board.**
    (865) 249-5803
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    523 Louisville Rd Alcoa, TN 37701
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    Alcoa, TN 37701
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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
    523 Louisville Rd Alcoa, TN 37701
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