110 Lakeview Dr Springville, TN 38256
- Retail space
- 2,026 SF
Current Use by Public Records
- Locals / Bar & Grill
Property Details for 110 Lakeview Dr
- Year built
- 1974
- Property size
- 2,026 SF
- Property type
- Retail space
- APN
- 040047F A 00100 001
- APU
- 040047FA00100001
Description
This thriving, turnkey bar and grill is situated on a half-acre lot in Springville, Tennessee, just minutes from Kentucky Lake and popular tourist attractions like Buchanan Resort and Paris Landing Marina. The 1,500 square foot building boasts inside seating for 60+ patrons, a fully equipped kitchen (grill, four fryers, two freezers, prep station), and a well-stocked bar area complete with a beer keg refrigerator, ice maker, and flat-screen TVs. All furniture (tables, chairs, bar stools) is included. A separate room offers potential for expansion as a cigar room, storage, or game area. Enjoy a spacious deck with patio seating and stunning lake views. Ample parking is available. This established business benefits from a strong local customer base and the high tourist traffic of the Kentucky Lake region. The current owners are open to assisting with the transition, and owner financing options may be available for qualified buyers. This presents a unique opportunity to own a profitable, established business in a desirable location with significant growth potential. The property is located at 110 Lakeview Dr, Springville, TN 38256. Asking price is $350,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $190,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $270,000
- 6.5%
- $255,000
- 7%
- $285,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $265,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $270,000
- Retail
- $320,000
- Mixed-Use
- $300,000
- Hospitality
- $245,000
- Educational
- $245,000
- Residential Income
- $305,000
- Energy
- $295,000
- Income-Based Land
- $255,000
- Food Service
- $310,000
Location Insight
- Map
- Local Demand
- City
- Springville
- County
- Henry
- State
- Tennessee
- Longitude
- -88.1095
- Latitude
- 36.4116
- CBSA code
- 37540
- CBSA name
- PARIS, TN MICROPOLITAN STATISTICAL AREA