Current Use by Public Records
- Retail properties & Spaces
Property Details for 605 Main St
- Lot size
- 1.54 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Restaurants
Description
This exceptional turnkey restaurant opportunity is located at 605 N Main St, Rocky Top, TN 37769, within the Knoxville Metropolitan Statistical Area. The 2,500 square foot property sits on a 1.54-acre lot and benefits from a highly visible location directly off Highway 75, experiencing over 130,000 vehicles per day. The property is zoned C and features a drive-thru window with sixteen car hop bays (two rows of eight). The building is in excellent condition, fully equipped, and up to code. This former Sonic Drive-In restaurant offers a long-term lease with renewal options, and includes all furniture, fixtures, and equipment for $150,000. The monthly rent is $8,000, and the annual real estate insurance is $7,500. The property is anchored by a Valero gas station (formerly Marathon) and presents a unique opportunity to operate a successful restaurant, either as a Sonic franchise or by converting it to another concept. The asking price represents a significant savings compared to the cost of new construction. This is a rare chance to acquire a well-established, profitable business in a high-traffic area. The property's strategic location and turnkey nature make it an ideal investment for experienced restaurateurs or those seeking a low-risk entry into the food service industry.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rocky Top
- County
- Anderson
- State
- Tennessee
- Longitude
- -84.1591
- Latitude
- 36.2304
