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Property profile & analytics
OFF-MARKET
Retail space

110 Lakeview Dr Springville, TN 38256-4323

2,026 SF Built 1974
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US80-2641790
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1974
Total area 2,026 SF
APN 040047F A 00100 001
UPID US80-2641790
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Locals Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Candise L Smith · 6 yrs held
Candise L Smith
since 2019
Last sale
$260,000
5 recorded transactions
2019
$85,000
2019
$75,500
2010
$155,000
1988
$105,000
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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