5641 Erwin HwyChuckey, TN 37641

Property Details for 5641 Erwin Hwy

Year built

2002

Lot size

5.00 AC

Property size (Sq ft)

4,024 SF

Zone code

A-1

Property type

Retail properties

Property subtype

Turn key restaurants

APN

030113 03306

APU

3011303306

Description

This thriving restaurant in Chuckey, Tennessee, presents a unique investment opportunity. Located at 5641 Erwin Hwy, this 2,856 square foot single-tenant property sits on 1.5 acres of land and boasts over 40 parking spaces, plus potential overflow parking. The building is fully operational, equipped with all necessary restaurant appliances and equipment, including a walk-in freezer and cooler. A detailed equipment list is available upon request. The property features ample indoor and outdoor seating and a convenient drive-thru, catering to the high volume of traffic on Highway 107. Its A1 zoning and prime location in the Greene County, Tri-Cities submarket ensure strong visibility and consistent customer flow. The property is served by Greeneville Light and Power. The property's APN is 113 033.06. This turnkey operation is ideal for an owner-operator seeking an established, profitable business with significant growth potential. Serious inquiries only. Please respect the business operations and contact the listing office for a private showing and further details. This is a fully operational restaurant, and access is by appointment only.

• CAP approach

  CAP return

  Valuation

  6%

  $1,286,262

  6.5%

  $1,187,318

  7%

  $1,102,510

• Comparable approach

  Method

  Valuation

  Relative Method

  $834,866

  Geo Method

  $834,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,001,548

  Hospitality

  $917,412

  Educational

  $763,276

  Medical

  $789,526

  Retail

  $1,187,318

Location Insight

City

Chuckey

County

Greene

State

Tennessee

Latitude

36.145

Longitude

-82.6905

CBSA code

24620

CBSA name

GREENEVILLE, TN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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