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    1502 N Main Ave Erwin, TN 37650

    For Sale
    $1,100,000

    Commercial property with restaurant, drive-through, and outdoor seating.

    Property size:
    2,686 SF
    Lot size:
    1.29 Acres

    Property Features for 1502 N Main Ave

    General Information

    Size
    2,686 SF
    Lot size
    1.29 Acres

    Source: The Elite Team Agency Agent Bryan Sangid, CCIM

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

    Overview

    Restaurant Property with Drive-Through Potential

    This commercial property, formerly Clarence's Drive-In, features a 2,686-square-foot building on a 1.29-acre lot. The property offers visibility and access for local and traveling customers. The dining room accommodates up to 90 guests, with additional outdoor seating. The layout supports drive-through service, offering options to expand or modernize operations. This property delivers potential for continuing a restaurant or starting something new.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Clarence's Drive In Restaurant

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Erwin
    County
    Unicoi
    State
    Tennessee
    Longitude
    -82.393645
    Latitude
    36.160742

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    FAQs

    What type of property is this?
    Drive through restaurant - Commercial property with restaurant, drive-through, and outdoor seating.
    Where is this drive through restaurant located?
    The property is located at 1502 N Main Ave Erwin, TN.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Long-standing, well-loved restaurant location with deep community roots.; - Excellent visibility and convenient access for locals and travelers.; - Spacious 2,686-square-foot building on 1.29 acres.
    (423) 747-8010
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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
    1502 N Main Ave Erwin, TN 37650
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