Updated Downtown Restaurant
For Sale
$375,000
420 E Elk Ave, Elizabethton, TN 37643
Corner restaurant property with multiple dining areas, a private events room, and a recently modernized commercial kitchen.
Property Size2,820 SF
Price / SF$132.98
Days on Market24
Property Features for 420 E Elk Ave
General Information
Standard status
Active
Size
2,820 SF
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Traffic Count
14,000 vehicles/day
Sprinkler System
Yes
Building Details
Abandoned
No
Listing Agency:
Lantern Real Estate
(423) 512-4050
Listed By:
Ashley Ferlauto · License #361196
(423) 512-4050
Source:
Exprealty
Added: Jul 15
Changed: Aug 7
Last Checked: Aug 7 at 3:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lantern Real Estate
Investment Insights
Based on property information with market context.
Located at 420 E Elk Ave in Elizabethton’s Historic Downtown District, this restaurant property occupies a prominent corner where three one-way downtown streets converge. The sale includes the building, restaurant furnishings, and owned equipment.
The interior provides three dining rooms, including a private events room, along with a private office, dish area, and two walk-in dry-storage rooms. A stainless-steel commercial kitchen supports both gas and electric cooking and includes new gas and electric fryers. Plumbing and phase 3, 220V electrical service were updated in 2025. The property also features three maintained electric HVAC units, two upright freezers, an upright reach-in refrigerator, and updated sprinkler, hood, exhaust, and suppression systems that are regularly inspected and up to date.
The site receives an estimated 10, 000 -14, 000 daily traffic count. An alcohol permit is available as an option.
The interior provides three dining rooms, including a private events room, along with a private office, dish area, and two walk-in dry-storage rooms. A stainless-steel commercial kitchen supports both gas and electric cooking and includes new gas and electric fryers. Plumbing and phase 3, 220V electrical service were updated in 2025. The property also features three maintained electric HVAC units, two upright freezers, an upright reach-in refrigerator, and updated sprinkler, hood, exhaust, and suppression systems that are regularly inspected and up to date.
The site receives an estimated 10, 000 -14, 000 daily traffic count. An alcohol permit is available as an option.
Key Highlights
- Corner position at the convergence of three one‑way downtown streets
- Estimated 10, 000 -14, 000 daily traffic count
- Three dining rooms, including a private events room
Property Analytics
Current Use
Lease Details
14,000 VPD
Traffic count
Yes
Sprinkler system
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
754
Businesses Nearby
103k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 78%
Shops & Services 21%
Beauty & Spa 1%
McDonald's
Dining
34,044 visits/mo
0.3 miles
Wendy's
Dining
16,341 visits/mo
0.3 miles
Taco John's
Dining
11,518 visits/mo
0.4 miles
KFC
Dining
8,004 visits/mo
0.3 miles
Hardee's
Dining
6,808 visits/mo
0.4 miles
Demographics for 37643, TN
33,752
Population
16,344
Households
2.1
Avg Household Size
45
Median Age
21%
College-Educated
89%
High-School Grad
131.1 sq mi
ZIP Area
257
Density / Sq Mi
$50,455
Median Household Income
$35,680
Median Earnings
$733
Median Rent
$156,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Corner restaurant property with multiple dining areas, a private events room, and a recently modernized commercial kitchen.
Where is this conventional restaurant located?
The property is located at 420 E Elk Ave Elizabethton, TN.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Corner position at the convergence of three one‑way downtown streets; Estimated 10, 000 -14, 000 daily traffic count; Three dining rooms, including a private events room
