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Property profile

3060 Tn-21 Tiptonville, TN 38079

OFF-MARKET
Retail properties & Spaces
1,400 SF 4 ac lot Built 2004
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Property summary

AI-generated overview

This exceptional turn-key bar and restaurant, Stump Jumpers Resort, is situated on a spacious 4-acre lot in Tiptonville, Tennessee, just off the banks of Reelfoot Lake. Built in 2004, the 1,400 square foot establishment boasts a full-service kitchen, a ready-to-open bar, and a complete DJ/karaoke setup, ensuring immediate operational readiness for new ownership. The property's prime location near Reelfoot Lake and the Tennessee River, renowned for waterfowl and fishing, presents a unique opportunity within a thriving tourism destination. The existing building includes a versatile office area, potentially suitable for a resort office, bait and tackle shop, or other complementary business. Additionally, a cabin on the property offers potential for expansion into a bed and breakfast or rental units, generating additional revenue streams. The asking price is $550,000, translating to $392.86 per square foot. This presents a significant opportunity for expansion and growth in a state with no income tax. The property's size and location offer considerable potential for future development, making it an attractive investment in a popular Tennessee tourism area. The address is 3060 TN-21, Tiptonville, TN 38079.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2004
Total area 1,400 SF
Lot 4 ac (174,240 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

3060 Tn-21 Tiptonville, TN 38079
Tiptonville metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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