Property profile

1216 Main Ave Erwin, TN 37650

OFF-MARKET
Turn key restaurants
Property ID
US80-1648107
2,275 SF 108 ac lot Built 1979
Entity Owned 4-yr Hold Free & Clear
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1979
Construction WOOD
Total area 2,275 SF
Lot 108 ac (4,704,480 SF)
Zoning code B-2
APN 086023D G 03500
UPID US80-1648107

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Alternative Medicine Practice

Location

1216 Main Ave Erwin, TN 37650-9122
Erwin metro Census 80400 JOHNSON CITY, TN METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$320k

Owner & transaction history

since 2022
Last sale
$279,000
4 recorded transactions
2022
$279,000
2022
Price N/A
2020
Price N/A
2012
$25,000

Zoning & alternative use

B-2 · Erwin, TN
General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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