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    415 W Elk Ave Elizabethton, TN 37643

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    For Sale
    $1,563,000

    Retail property with a new 15-year lease in place.

    Property size:
    950 SF
    Lot size:
    1.11 Acres

    Property Features for 415 W Elk Ave

    General Information

    Size
    950 SF
    Lot size
    1.11 Acres

    Source: SRS Real Estate Partners, LLC Agent Morgan Zant

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

    Overview

    Elizabethton, TN Retail Opportunity

    The property is a retail location with a recently signed 15-year lease that includes four 5-year option periods. The lease is guaranteed by Brew Team TN, LLC franchisee. The lease features 10% rental increases every 5 years and at the beginning of each option period.
    Insight Report Location Intelligence

    Current Use by Public Records

    Taco Bell Fast Food Restaurant 7 Brew Coffee Coffee Shop Pizza Restaurant

    Suggested Use

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

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

    Similar Places Nearby

    Starbucks in Ingles Market, 7 Brew Coffee, Coffee Creamer, 7 Brew Coffee

    Location Insight

    • Map
    • Local Demand
    City
    Elizabethton
    County
    Carter
    State
    Tennessee
    Longitude
    -82.216995
    Latitude
    36.347362

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    FAQs

    What type of property is this?
    Coffee shop - Retail property with a new 15-year lease in place.
    Where is this coffee shop located?
    The property is located at 415 W Elk Ave Elizabethton, TN.
    What is the asking price?
    The asking price for this property is $1,563,000.
    What are key features of this property?
    This property features: - New 15-year lease with 4 (5-year) option periods.; - Brew Team TN, LLC franchisee guaranteed ground lease.; - Enjoy 10% rental increases every 5 years and at option periods.
    (502) 399-8949
    Request Owner's contact information
    415 W Elk Ave Elizabethton, TN 37643
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    Elizabethton, TN 37643
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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
    415 W Elk Ave Elizabethton, TN 37643
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