2904 Knoxville Center Dr Knoxville, TN 37924
- Turn key restaurants
- 3,094 SF
- 1.00 lot acres
Current Use by Public Records
- Don Chuy's Fresh Mex & Cantina / Steak House / Mexican Restaurant
Property Details for 2904 Knoxville Center Dr
- Year built
- 1994
- Construction
- LIGHT FRAME
- Lot size
- 1.00 lot acres
- Property size
- 3,094 SF
- Property type
- Turn key restaurants
- APN
- 059LB004
- APU
- 059LB004
Description
This exceptional 3,094 square foot Class A quick-service restaurant presents a lucrative investment opportunity in Knoxville, Tennessee. Located at 2904 Knoxville Center Dr, 37924, this single-story, freestanding building sits on a sizable 43,191 square foot lot (APN: 059LB004) and is zoned C-R-2. Originally constructed in 1994 and extensively renovated in 2022, the property boasts a fully operational drive-thru, a significant advantage for maximizing customer convenience and sales. The interior features updated tile work, modern countertops, and contemporary lighting, complemented by a fully equipped kitchen and ample dining space. Landscaped grounds and an enclosed dumpster corral enhance the property's curb appeal and functionality. Abundant parking caters to the anticipated high volume of customers. The property's strategic location directly across from a new Amazon fulfillment center, which is projected to employ over 1,500 people initially, with an additional 1,000 seasonal hires, promises exceptional growth potential. This prime location is ideal for capturing both lunch and dinner traffic, making it an attractive proposition for a variety of quick-service restaurant concepts. The asking price is $1,750,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,475,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,360,000
- 6.5%
- $1,610,000
- 7%
- $1,360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,460,000
- Geo Method
- $1,510,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,635,000
- Retail
- $1,325,000
- Mixed-Use
- $1,675,000
- Hospitality
- $1,765,000
- Educational
- $1,710,000
- Residential Income
- $1,745,000
- Energy
- $1,295,000
- Income-Based Land
- $1,510,000
- Food Service
- $1,625,000
Location Insight
- Map
- Local Demand
- City
- Knoxville
- County
- Knox
- State
- Tennessee
- Longitude
- -83.877
- Latitude
- 36.0314
- CBSA code
- 28940
- CBSA name
- KNOXVILLE, TN METROPOLITAN STATISTICAL AREA
