1365 Andrew Johnson Hwy Greeneville, TN 37745-5805
This exceptional turnkey restaurant opportunity is located at 1365 E Andrew Johnson Hwy, Greeneville, TN 37745. The property boasts a prime commercial location in a high-traffic area, ensuring excellent visibility and customer accessibility. The 3,019 square foot building, constructed in 1993, is situated on a one-acre lot and features a drive-thru, significantly enhancing operational efficiency and customer convenience. The sale includes all existing equipment, a substantial advantage for a new owner, encompassing coolers, sinks, and ovens. Additional outdoor storage is also provided, offering ample space for supplies and inventory. The building is zoned C, allowing for continued restaurant operations or potential for other permitted commercial uses. This single-story building is part of a three-building complex, offering potential for expansion or synergy with neighboring businesses. The asking price is $499,900, translating to $165.58 per square foot. This represents a compelling investment opportunity for owner-users seeking an established and well-equipped restaurant in a thriving commercial location. The property's strong location and included equipment make this a truly turnkey operation, minimizing start-up costs and maximizing immediate return on investment. Serious inquiries are encouraged.
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exceptions in the B-3, Intermediate Business, B-4, Arterial Business, M-1, Manufacturing Warehouse, and M -2, High Impact Use districts, upon a showing that such location and such antenna support structure is required to prevent an effective denial of coverage or upon a finding by the Greeneville Board of Zoning Appeals that the granting of a special excepti…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B4 · Greeneville, TNexceptions in the B-3, Intermediate Business, B-4, Arterial Business, M-1, Manufacturing Warehouse, and M -2, High Impact Use districts, upon a showing that such location and such antenna support structure is required to prevent an effective denial of coverage or upon a finding by the Greeneville Board of Zoning Appeals that the granting of a special exception permit will be less of a burden on the citizens of the Town of Greeneville and is more in keeping with the purposes and intents of this ordinance than the antenna surpport structure(s) which will be utilized if a special exception permit was not issued. (REVISED 10/99) 1503.5 Monopoles in excess of the height requirements of Section 1505.16.3 are permitted as special exceptions in R-1, Low Density Residential, R-1A, Low Density Residential, R-2, Medium Density Residential, R-3, Medium Density Residential, R-4, High Density Residential, M-R, Medical- Residential, and B-1, Neighborhood Business districts, upon a showing that such location and such antenna support structure is required to prevent an effective denial of coverage or upon a finding by the Greeneville Board of Zoning Appeals that the granting of a special exception permit will be less of a burden on the citizens of the Town of Greeneville and is more in keeping with the purposes and intents of this ordinance than the antenna support structure(s) which will be utilized if a special exception permit was not issued. (REVISED 10/99) 1503.6 Monopoles and stealth -type antenna support structures are permitted as a matter of right on municipal power line utility easements, provided that the Board of Greeneville Light & Power System gives its consent, and the antenna support structure is incorporated into the power line support structure. 1503.7 Monopoles and stealth -type antenna support structures up to one hundred sixty (160) feet in height are permitted as a matter of right on municipal property in all districts excepting the H -1, Historical Overlay District, provided that the appropriate governing body approves. 1504. General Requirements 1504.1 Aesthetics. Towers and antenna support structures shall meet the following requirements: 1504.1.1 Towers and antenna support structures shall maintain a galvanized steel finish and shall not be painted unless previously approved by the Town of Greeneville, 1504.1.2 Stealth type antenna support structures are to be encouraged in areas of high population density.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
