Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Restaurant with Drive-In Stalls Title is generated by Realmo AI

    1440 Highway 411n, Etowah, TN 37331

    View on Map
    Claim this Listing
    New
    For Sale
    $310,000

    COMMERCIAL - Etowah, TN

    Property size:
    2,046 SF
    Lot size:
    1.03 Acres
    Price / SF:
    $151/SF
    Added:
    Jun 1, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 6 at 1:06 am

    Property Features for 1440 Highway 411n

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking features
    Parking Lot
    Interior features
    Storage
    Appliances
    Freezer, Refrigerator
    Standard status
    Active
    APN
    097 06600 000
    Size
    2,046 SF
    Lot size
    1.03 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2272

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1972
    Flooring type
    Tile
    Building materials
    Block, Wood Siding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Sherry Condee
    Sherry Condee

    Listing agent Sherry Condee License #260021

    Listing office CENTURY 21 Legacy 1015 W Madison Ave, Athens, TN

    Listing date Jun 1, 2026

    MLS# 20262940

    Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2,046+/- SF commercial building built in 1972 with kitchen area, indoor seating, and extensive storage
    • Outdoor dining space plus indoor seating for over 100 guests, with a drive‑in layout and 20 drive‑in stalls
    • Kitchen includes restaurant equipment and supplies; appliances include refrigerator and freezer (food trailer available separately for $20,000)
    • Central heat and central air; updated kitchen wiring reported
    • Metal roof with block and wood siding construction
    • Public water and public sewer; paved parking lot and parking available

    Overview

    This is a 2,046+/- SF restaurant property with a kitchen area, indoor seating, extensive storage, and a drive-in layout supported by 20 drive-in stalls and paved parking. The building has central heat and air and includes updated kitchen wiring, along with a variety of restaurant equipment and supplies. The property is being sold as a fixer-upper and will require renovations, but it provides a workable foundation for an experienced operator or buyer looking to reimagine the space.

    The property is located at 1440 Highway 411n in Etowah, TN (McMinn County). The site includes outdoor dining space in addition to the indoor seating area, supporting a restaurant concept that can accommodate both walk-in and drive-in customers.

    For buyers and operators, the combination of an on-site commercial kitchen, substantial storage, and an existing drive-in configuration can support a range of food-service concepts, including a restaurant, diner, or café with a focus on prepared food. Seating for over 100 guests offers flexibility for high-capacity dining, while the existing equipment and wiring can help streamline early build-out planning. A food trailer currently operating as Cajun Lady Seafood is available separately for an additional $20,000, providing an optional add-on for a buyer expanding their service model.
    Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Map

    City
    Etowah
    County
    McMinn
    State
    Tennessee
    Longitude
    -84.5215
    Latitude
    35.354109

    Nearby Similar for Sale

    • $900,000
      9,600 SF

      Versatile Commercial Property in Etowah

      Meticulously maintained commercial property on just under 3 acres.
      300 N Tennessee Avenue, Etowah, TN 37331
      View Details
    • $340,000
      3,544 SF

      Mixed-Use Storefront with Income Potential

      Versatile commercial storefront with renovated residential apartment.
      726 Tennessee Avenue, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Twelve Properties in Etowah, TN

      Investment opportunity: 11 cabins and one doublewide with signed leases.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $149,000
      1,044 SF

      Downtown Etowah Commercial Space

      Centrally located commercial space ideal for retail, office, or restaurant.
      616 Tennessee Avenue, Etowah, TN 37331
      View Details
    • $475,000
      3,877 SF

      Updated Victorian in Etowah, TN

      Renovated Victorian with commercial zoning and modern upgrades.
      422 Tennessee Avenue, Etowah, TN 37331
      View Details
    • $195,000
      1,539 SF

      Farmhouse Victorian on Corner Lot

      Charming 1920s home or duplex in Etowah, Tennessee.
      430 Ohio Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      576 SF

      Etowah Investment Property Portfolio

      Portfolio of 12 properties with existing leases and new construction.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $315,000
      1,740 SF

      Remodeled Duplex in Etowah, TN

      Completely remodeled duplex producing income in Etowah, Tennessee.
      340 Grady Road, Etowah, TN 37331
      View Details
    • $400,000
      6,500 SF

      Industrial Buildings on Highway 411

      Industrial property with multiple buildings located off Highway 411.
      1447 Tennessee Ave, Etowah, TN 37331
      View Details
    • $1,400,000
      1,782 SF

      Twelve-Property Investment Opportunity

      Portfolio of cabins and a doublewide with income potential.
      128 County Road 882, Etowah, TN 37331
      View Details
    • $149,000

      Versatile Building Near Etowah

      Convertible commercial space with ample parking and creek access.
      1896 S Highway 411, Etowah, TN 37331
      View Details
    • $419,000
      3,100 SF

      Downtown Building with Brick Facade

      Two-story building suitable for retail, offices, or student housing.
      110 Washington Ave, Etowah, TN
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Restaurant property with a full kitchen, indoor seating, paved parking, and 20 drive-in stalls.
    Where is this conventional restaurant located?
    The property is located at 1440 Highway 411n Etowah, TN.
    What is the asking price?
    The asking price for this property is $310,000.
    What are key features of this property?
    This property features: 2,046+/- SF commercial building built in 1972 with kitchen area, indoor seating, and extensive storage; Outdoor dining space plus indoor seating for over 100 guests, with a drive‑in layout and 20 drive‑in stalls; Kitchen includes restaurant equipment and supplies; appliances include refrigerator and freezer (food trailer available separately for $20,000)
    (423) 462-5757
    We can help!
    Listing Contact
    Sherry Condee
    Sherry Condee
    Real Estate License ID: 260021
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1440 Highway 411n, Etowah, TN 37331
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!