7535 Conner RdPowell, TN 37849

Property Details for 7535 Conner Rd

Year built

1997

Construction

LIGHT FRAME

Lot size

2.14 AC

Property size (Sq ft)

5,873 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

047OB009

APU

047OB009

Description

This exceptional 5,874 square foot Class A restaurant is available for $2,450,000. Located at 7535 Conner Rd in Powell, Tennessee (zip code 37849), this single-tenant property sits on a 2.14-acre lot and boasts 98 parking spaces. Built in 1997, the one-story building is zoned C-R-2 and offers a turnkey operation, complete with all tables, chairs, bar equipment, kitchen equipment, and flat screens. The property enjoys a high-traffic, high-visibility location just off I-75, making it ideal for a variety of uses, including a brewery, eatery, or even medical facility. The asking price is $442.62 per square foot. Owner financing is available at 5%. The property features a single building and is listed as a retail property with a restaurant subtype. The legal description is APN 047OB009. This is a NNN lease.

• CAP approach

  CAP return

  Valuation

  6%

  $2,075,154

  6.5%

  $1,915,526

  7%

  $1,778,703

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,226,397

  Geo Method

  $1,218,481

• Alternative Use

  Use

  Valuation

  Residential

  $1,615,818

  Hospitality

  $1,480,081

  Educational

  $1,231,410

  Medical

  $1,273,760

  Retail

  $1,915,526

Location Insight

City

Powell

County

Knox

State

Tennessee

Latitude

36.0507

Longitude

-83.9995

CBSA code

28940

CBSA name

KNOXVILLE, TN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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